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The Hague Meeting
Original members of EEC meet to launch the Economic and Monetaty Union (EMU). Source: http://www.telegraph.co.uk/finance/markets/8170326/Timeline-history-of-the-euro.html -
Creation of the ERM
EEC governmentt sets up the EXchange Rate Mechanism (ERM). This should reduce volatility b/n European currencies. UK remains out of the system. Source: http://www.telegraph.co.uk/finance/markets/8170326/Timeline-history-of-the-euro.html -
Maastricht Treaty
European leaders sign the Maastricht Treaty, thus creating the European Union (EU). John Major secures an opt-out for the UK. Source:http://www.telegraph.co.uk/finance/markets/8170326/Timeline-history-of-the-euro.html -
Black Wednesday
Britain is forced to withdraw sterling from the ERM. It was not able to keep sterling above its agreed lower limit. Source: http://www.telegraph.co.uk/finance/markets/8170326/Timeline-history-of-the-euro.html -
Euro is named!
European leaders agree to call new single currency that Euro. Source: http://www.telegraph.co.uk/finance/markets/8170326/Timeline-history-of-the-euro.html -
Euro is born
11 of the 15 EU member states adopt the Euro and begins trading at $1.1747, hitting a high of $1.1906 on the same day. The UK, Sweden and Denmark stay out of the single currency. Greece is initially excluded because of its weak economy. Source: http://www.telegraph.co.uk/finance/markets/8170326/Timeline-history-of-the-euro.html -
9/11/2001
United StatesTwin Towers Terrorist Attacks result in the Euro falling below $.90 again. Source (Image): http://www.timesfreepress.com/news/2011/sep/11/images-911-times-free-press-newspaper-fronts/ -
Euro is legal tender in 12 countries
Euro notes and coins become legal tender in the 12 eurozone countries - Greece is the 12th member. Source: http://www.telegraph.co.uk/finance/markets/8170326/Timeline-history-of-the-euro.html -
Euro's Debt Crisis
Euro drops below the $1.30 mark for the first time since mid-September, as fears over the eurozone’s debt crisis continue. Source: http://www.telegraph.co.uk/finance/markets/8170326/Timeline-history-of-the-euro.html
