jan 1, 1999 - Euro Introduced

Description:

On Midnight, January 1st, 1999, the Euro becomes the official currency of the member states of the European Union (with the exception of Sweden and the United Kingdom). Over the next year, printed Euro slowly supplement the various francs, marks, and lira used in Europe and become one of the strongest currencies in the world, despite early fears of inflation. The Euro is one of the most significant pieces of pro-European policy ever enacted, not only for its obvious benefits to interconnectedness and business, but also because of its conservative regulations tied to its adoption, such as low debt to GDP and sub 3% of GDP in the form of deficit spending.

Added to timeline:

Date: