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Who created the euro?

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On January 1, 1999, the European Union introduced its new currency, the euro. Originally, the euro was an overarching currency used for exchange between countries within the union while people within the countries continued to use their own currencies. read more

The name euro was officially adopted on 16 December 1995 in Madrid. The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1: 1 (US$1.1743). read more

However, in March 1979 the European Monetary System (EMS) was created, fixing exchange rates onto the European Currency Unit (ECU), an accounting currency, to stabilise exchange rates and counter inflation. It also created the European Monetary Cooperation Fund (EMCF). read more

The European Economic Community was formed in the 1990s, and this eventually became the European Union (or EU, for short). It was a key way that Europe’s political leaders thought they could secure peace and prosperity. The big idea behind the EU (and ultimately the Euro) is a simple one. read more

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The Euro: Creation and Current Crisis
economics.fundamentalfinance.com

Why the Euro Was Created
www.dummies.com