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Timeline- 25 years of Euro

Marie Lecoq

Created on December 13, 2023

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Transcript

The history of the euro

16 December 1995

The name "euro" is officially adopted in Madrid.

Click on the dots along the timeline to learn more about some of the key events that have marked the euro.

1 June 1998

The European Central Bank is established.

1 January 1999

The euro is launched as an invisible currency for accounting and electronic payments, replacing the former European Currency Unit (ECU).

1 January 2002

Euro coins and banknotes are launched in 12 EU countries. It’s the biggest cash changeover in history.

1 January 2007

Slovenia joins the Eurozone.

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1 January 2008

Cyprus and Malta join the Eurozone.

11 Oct. 2008

An extraordinary summit is held in Paris in reaction to the financial crisis.

Financial crisis 2008-2010

Slovakia joins the Eurozone.

1 Jan. 2009

May 2010

The Eurozone countries and the IMF agree to a €110 billion loan for Greece.

1 January 2011

Estonia joins the Eurozone.

2012

Creation of the European Monetary Fund.

1 January 2014

Latvia joins the Eurozone.

1 January 2015

Lithuania joins the Eurozone.

1 January 2023

Croatia is the latest country to join the Eurozone.

1 January 2025

Bulgaria is expected to join the Eurozone.

1 January 2026

Romania is expected to join the Eurozone.

Source: Europa