Title: 
Headings: History of Euro
History of Euro
German Mark and other currencies in Euro history
History of Euro
Benefits in the history of Euro
Euro history problems
Modern history of Euro

Content: Euro as a cash currency did not become a legal tender until later, on January 1, 2002. German Mark and other currencies in Euro history
The German Mark, French Franc, Italian Lira, and other local currencies ceased to exist on July 1, 2002. This date was important not only as the history of Euro in its cash form, but this date was also important in the history of Euro as the beginning of centralized monetary policy. With the introduction of Euro, the European Central Bank started implementing monetary policy of the countries which were using the common currency. When looking at the history of Euro, we can see that attempts to create a single currency go back some 20 years. The chart below shows the value of the Euro against the US dollar. Before 1999, history of Euro is shown as a basket of the 11 legacy currencies. History of Euro
The roots of the euro currency originated in the European Monetary System in 1979 which involved creation of the European Currency Unit. Per history of Euro, originally twelve (12) of the 15 EU countries (Germany, France, Austria, Spain, Portugal, Italy, Belgium, Luxembourg, the Netherlands, Finland, Greece and Ireland) were members of the so-called Eurozone. Euro history tells us that these states were joined later by Slovenia (2007), Cyprus (2008), Malta (2008), and Slovakia (2009).