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business, and represents a major achievement of European integration. The euro , in circulation since 2002 and utilized by more than 340 million folks in 19 Member States, is the world’s second most vital foreign money after the US greenback.
In reaction to the economic and monetary crisis of 2008, the EU’s financial governance was strengthened by means of enhancements to the Stability and Progress Pact, the fiscal rules Member States observe to facilitate and keep the soundness of economic and monetary union. Financial and monetary union and the euro present the widespread foundations for greater