Concept
Eurozone
Related concepts (39)
Dutch guilder
The guilder (gulden, ˈɣɵldə(n)) or florin was the currency of the Netherlands from the 15th century until 2002, when it was replaced by the euro. The Dutch name gulden was a Middle Dutch adjective meaning "golden", and reflects the fact that, when first introduced in 1434, its value was about equal to (i.e., it was on par with) the Italian gold florin. The Dutch guilder was a de facto reserve currency in Europe in the 17th and 18th centuries. Between 1999 and 2002, the guilder was officially a "national subunit" of the euro.
Italian lira
The lira (ˈlɪərə; plural lire) was the currency of Italy between 1861 and 2002. It was first introduced by the Napoleonic Kingdom of Italy in 1807 at par with the French franc, and was subsequently adopted by the different states that would eventually form the Kingdom of Italy in 1861. It was subdivided into 100 centesimi (singular: centesimo), which means "hundredths" or "cents". The lira was also the currency of the Albanian Kingdom from 1941 to 1943.
Akrotiri and Dhekelia
Akrotiri and Dhekelia (ˌækrəʊˈtɪəri_ənd_diˈkeɪliə), officially the Sovereign Base Areas of Akrotiri and Dhekelia (SBA), is a British Overseas Territory on the island of Cyprus. The areas, which include British military bases and installations formerly part of the Crown colony of Cyprus, were retained by the British under the 1960 treaty of independence signed by the United Kingdom, Greece, Turkey and representatives from the Greek and Turkish Cypriot communities.
World Bank high-income economy
A high-income economy is defined by the World Bank as a country with a gross national income per capita of US$13,845 or more in 2022, calculated using the Atlas method. While the term "high-income" is often used interchangeably with "First World" and "developed country," the technical definitions of these terms differ. The term "first world" commonly refers to countries that aligned themselves with the U.S. and NATO during the Cold War.
Luxembourg franc
The Luxembourg franc (F or ISO LUF, Frang), subdivided into 100 centimes, was the currency of Luxembourg between 1854 and 2002, except from 1941 to 1944. From 1944 to 2002, its value was equal to that of the Belgian franc. The franc remained in circulation until 2002, when it was replaced by the euro. The conquest of most of western Europe by Revolutionary and Napoleonic France led to the French franc's wide circulation, including in Luxembourg. However, incorporation into the Netherlands in 1815 resulted in the Dutch guilder becoming Luxembourg's currency.
Euractiv
Euractiv (styled EURACTIV) is a pan-European news website specialised in EU policies, founded in 1999 by the French media publisher Christophe Leclercq. Its headquarters and central editorial staff are located in Brussels, with further offices in Paris and Berlin. Its content is produced by about 50 journalists staffed in Belgium, Bulgaria, the Czech Republic, France, Germany, Greece, Italy, Poland, Romania, Serbia, and Slovakia. Euractiv's reporting focuses on the pre-legislative stage of EU decision-making, with up to 2,750 articles translated per year.
Economy of Italy
The economy of Italy is a highly developed social market economy. It is the third-largest national economy in the European Union, the 8th-largest in the world by nominal GDP, and the 12th-largest by GDP (PPP). Italy is a founding member of the European Union, the Eurozone, the OECD, the G7 and the G20; it is the eighth-largest exporter in the world, with $611 billion exported in 2021. Its closest trade ties are with the other countries of the European Union, with whom it conducts about 59% of its total trade.
Optimum currency area
In economics, an optimum currency area (OCA) or optimal currency region (OCR) is a geographical region in which it would maximize economic efficiency to have the entire region share a single currency. The underlying theory describes the optimal characteristics for the merger of currencies or the creation of a new currency. The theory is used often to argue whether or not a certain region is ready to become a currency union, one of the final stages in economic integration. An optimal currency area is often larger than a country.
Bank of France
The Bank of France (French: Banque de France), headquartered in Paris, is the central bank of France. Founded in 1800, it began as a private institution for managing state debts and issuing notes. It is responsible for the accounts of the French government, managing the accounts and the facilitation of payments for the Treasury and some public companies. On 1 January 1999, France adopted the euro and the Bank of France became a founder member of the Eurosystem. Until then, it has been responsible for the former national currency, the French franc.