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Originally posted by kelly888 at 2007-10-21 20:22
The EU is made up of 25 individual countries with 25 separate economies and 26 revenue generating bodies. The U.S. is only one country with one economy and one tax base. The fact that you are e ...
The Euro is the common currency in only 13 countries, namely in Finland, Ireland, The Netherlands, Belgium, Luxembourg, Germany, Austria, France, Spain, Portugal, Greece and Slovenia. That's it, not in any other EU nation simply because they do not meet the criteria for joining the Euro zone or did not want to join (UK, Sweden, Denmark etc.). As for your remark about many EU nations vs. the US as a single nation: it is much more difficult to meet all requests from different EU states than from one single nation with a national currency. The Euro is one of the greatest achievements of the EU and proves that Europe in spite of all diversity today can be considered as ONE huge economic zone. Something that has never been achieved before.