Title: Benefits of the euro | European Union
Headings: Benefits of the euro
Benefits of the euro
What are the benefits of the euro?
How does the euro produce these benefits?
Benefits worldwide
Reaping the benefits
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Content: This saves European businesses from the costs associated with shifts in exchange rates and the cost of converting euros into other currencies. The euro is the currency of choice for almost 40% of global cross-border payments and for almost half the EU’s exports worldwide. Scale and careful management also bring economic stability to the euro zone, making it more resilient to external economic 'shocks', i.e. sudden economic changes that may arise outside the euro zone and disrupt national economies, such as worldwide oil price rises or turbulence on global currency markets. The size and strength of the euro zone make it better able to absorb such external shocks without job losses and lower growth. Reaping the benefits
First, the euro zone economy benefits from prudent management. The EU’s economic and fiscal rules, including the Stability and Growth Pact, a central component of Economic and Monetary Union, promote economic stability and growth. Second, the euro is the key mechanism for maximising the benefits of the single market, trade policy and political cooperation. As such, it is an integral part of the economic, social and political structures of today’s European Union. Benefits of the euro
/european-union/file/euro-makes-it-easierto-live-abroad_enThe euro makes it easier...to live abroad
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The euro makes it easier...to live abroad
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How the euro benefits us all
A short guide to the euro