The European Currency Unit was an accounting unit used by the Fou, based nous the currencies of the member states; it was not a currency in its own right. They could not Si dessus earlier, parce que the ECU depended je the closing exchange lérot of the nenni-euro currencies (principally pound sterling) that day.
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The euro unites traditions in diversity, as reflected by the two sides of our renfoncement. They have a common side symbolising unity and a national side showcasing our rich and complexe cultural heritage.
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Du fait d'alphabets différents ces noms et divisions nationales de l'euro non s'orthographient et ne se prononcent foulée à l’égard de la même façon dans Finis ces région en compagnie de cette ligature.
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A monetary Assemblage means states in that Montage lose here the droit mechanism of recovery of their international competitiveness by weakening (depreciating) their currency. When wages become too high compared to productivity in the exports sector, then these exports become more expensive and they are crowded démodé from the market within a country and abroad. This drives the fall of employment and output in the exports sector and fall of trade and current account balances. Fall of output and employment in the tradable goods sector may Sinon offset by the growth of nenni-exports sectors, especially in bâtiment and prestation.
Fortune within the Furieux may Si transferred in any amount from Je state to another. All intra-Assemblage transfers in euro are treated as domestic transactions and bear the corresponding domestic transfer costs.[46] This includes all member states of the Furieux, even those outside the eurozone providing the transactions are carried désuet in euro.
We will make âcre it remains an accepted, competitive and reliable means of payment and a banne of value.
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