Currency of twelve European Union members, the euro was first introduced in 1999 and was launched in 2002. It was introduced under the provisions of Mastrich treaty and was aimed at bringing in more currency competitiveness. Major European nations like France, Germany and Netherlands are party to it and besides developing a union in Europe, euro has also emerged as a strong currency against the US dollar. Even after many conflicts between the euro zone nations, the euro still stands tall with a pride.
