How has the euro changed Europe? A look back on 25 years of the single currency

euronews (in English)

In this Real Economy Crash Course, we reflect on 25 years of the euro, from its introduction in 1999 to its significance today and what to expect in the future.

Transcript

00:00 Now, a quarter of a century old, the Euro became a reality on January 1, 1999.

00:07 That historic day saw 11 EU countries fix their exchange rates and entrust monetary

00:13 policy to the ECB.

00:15 Nine other countries have joined the Eurozone since then.

00:18 Today, the Euro is one of the most important currencies in the world.

00:23 Around 350 million people use it every day.

00:27 But except for the US dollar, no other currency is traded more on global markets.

00:34 So what does the future hold for this unique symbol of European integration?

00:38 First, more countries could still join.

00:42 Several EU member states are legally required to adopt the single currency once they've

00:46 met the necessary economic criteria.

00:50 New high-tech banknotes with updated designs are in the pipeline.

00:55 There are also big plans to launch a digital Euro very soon.

00:59 (upbeat music)

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