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Euro

Euro

Europe's economic and monetary union (EMU) is the result of 25 years of political battles among and within the continent's nations. Several times, most notably in the early 1980s and again in the early 1990s, the European Union (EU) nearly tore itself apart as it attempted to stabilize the fluctuations of the European countries' different currencies and move toward a single currency. In the end, supporters of a common currency won. To further understand the importance of the EMU, after making a brief historical (chronological) overview of key happenings, one is to analyze the condition of European trade before and after the implementation of the common currency refereed to as the “Euro”. Also, the study of the new found relationship between the United States and Europe concerning international trade will also be presented in order to emphasize both the costs and the benefits of the common European currency from the perspective of various key players.
The evolution of the Euro begins back in 1946 when Winston Churchill, then England's Prime Minister, and several other European leaders envisioned a United States of Europe. This vision eventually resulted in the formation of the 15-nation European Union (EU), which eventually launched the Euro. Belgium,

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