What is the euro? The euro is the single currency of the European Monetary Union which was adopted by 11 Member states on I January 1999 o These member states are: Belgium, germany Spain, France, Ireland, Italy, Luxemburg, Finland Austria, Portugal and the netherlands McGraw-Hilylrwoin 2-15 Copyright@ 2001 by The McGraw-Hill Companies, Inc. All rightsMcGraw-Hill/Irwin Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. 2-15 What Is the Euro? ⚫ The euro is the single currency of the European Monetary Union which was adopted by 11 Member States on 1 January 1999. ⚫ These member states are: Belgium, Germany, Spain, France, Ireland, Italy, Luxemburg, Finland, Austria, Portugal and the Netherlands