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Malta joined the European Union in 2004 and adopted the euro on 1 January 2008. The country’s total population stands at around 46 million. France is a founding member of the European Union and one of the first countries to adopt the euro on 1 January 1999. It also has one of the lowest unemployment rates (4.7%) in the world. The full list is shown in the table below, with current population and subregion (based on the United Nations official statistics). Ongoing trade tensions and geopolitical uncertainties are contributing to a slowdown in world trade growth, which has more than halved since last year. The Kingdom of Spain has a unitary parliamentary system of governance. Exchange rate is the value of one currency for the purpose of conversion to another. Albania (Albanian Lek) 2. There are eight euro coin denominations: 1, 2, 5, 10, 20, and 50 cents and 1 and 2 euro coins. The European Central Bank and the European Commission are in charge of maintaining its value and stability, and for establishing the criteria required for EU countries to enter the euro area. The dominance of the Euro is clearly observed, now the 27 independent countries and dependent territories use it as the legal tender. Cooperation rather than confrontation was the order of the day. Czechia joined the European Union in 2004 and is currently preparing to adopt the euro. Germany is a developed country with very high living standards. Bulgaria (Lev) 5. The great recession in the early 1980s negatively affected the Italian economy coupled with European sovereign-debt crisis. The economy has highly skilled labor force, a large capital stock, high level of innovation and very low corruption levels. The population of the country is at 66.6 million people with an average growth rate of +0.6% annually. As an independent central bank, the ECB has sole authority to set monetary policy. There are 44 countries in Europe today, according to the United Nations. France has a unitary semi-presidential government. It has negotiated an opt-out from the euro and is thus not obliged to introduce it. The agricultural sector is also highly developed and competitive with the country being the leading global wine producer. The RAF is the biggest Eurofighter Typhoon customer with the 100th aircraft delivered to No 1 (Fighter) Squadron at RAF Leuchars in January 2013. As in the rest of Europe, credit cards will be accepted in most places, but always check before ordering a meal. This site is managed by the Directorate-General for Communication, Aid, Development cooperation, Fundamental rights, Follow the European Commission on social media. The Netherlands is a founding member of the European Union and one of the first countries to adopt the euro on 1 January 1999. The size of the coins increases with their value. The country has high life expectancy with an average of 80 years and a low fertility rate of 1.41 children per woman. The Eurosystem participates in the printing, minting and distribution of notes and coins in all member states, and the operation of the eurozone payment systems. The euro is the currency of 19 EU Member States. Madrid is the largest and the capital city of the country. One of the biggest industries in France is the aerospace industry which is led by the European consortium Airbus. Hungary joined the European Union in 2004 and is currently preparing to adopt the euro. In response to the uncontrollable inflation brought about by disastrous economic policies and international sanctions, Zimbabwe was forced to adopt the US dollar in place of the Zimbabwean currency which had been rendered worthless. This question is prompted by two main challenges in the global economy today. It seems to be a valid principle, as Western Europe has been at peace for nearly seventy years and counting. Wines from Champagne and Bordeaux are major exports of the nation. The euro is the most tangible proof of European integration: around 341 million people use it every day, making it the second most-used currency worldwide. Following is a list of European countries that don't use EURO as their currency. Latvia joined the European Union in 2004 and adopted the euro on 1 January 2014. This number will increase as future enlargements of the euro area continue to spread the benefits of the single currency more widely in the European Union. - Latest Travel … The government in 2009 allowed Zimbabweans to use the dollar to conduct business activities alongside other major currencies like the Euro and the South African Rand. French is the national and the official language of the country. Estonia joined the European Union in 2004 and adopted the euro on 1 January 2011. 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