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The enlargement of the eurozone is an ongoing process within the European Union (EU).All member states of the European Union, except Denmark which negotiated an opt-out from the provisions, are obliged to adopt the euro as their sole currency once they meet the criteria, which include: complying with the debt and deficit criteria outlined by the Stability and Growth Pact, keeping inflation and ...
The first enlargement of the eurozone, to Greece, took place on 1 January 2001, one year before the euro physically entered into circulation. The next enlargements were to states which joined the EU in 2004 , and then joined the eurozone on 1 January of the year noted: Slovenia in 2007, Cyprus in 2008, Malta in 2008, Slovakia in 2009, Estonia ...
Candidate with frozen negotiations (1) The present enlargement agenda of the European Union regards three distinct groups of states: Western Balkans: Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia. Association Trio: Georgia, Moldova, and Ukraine. Turkey.
The 2023 enlargement package report was released by the European Commission on 8 November 2023, including updates on Bosnia' acquis alignment and a recommendation for the Council to open accession negotiations once certain conditions were met. [61] [62]
The most recent territorial enlargement of the EU was the incorporation of Mayotte in 2014. Campione d'Italia joined the EU Customs Union in 2020. The most notable territorial reductions of the EU, and its predecessors, have been the exit of Algeria upon independence in 1962, the exit of Greenland in 1985, and the withdrawal of the United ...
Politics of Albania. Albania is on the current agenda for future enlargement of the European Union (EU). It applied for EU membership on 28 April 2009, and has since June 2014 been an official candidate for accession. The Council of the European Union decided in March 2020 to open accession negotiations with Albania.
The Eurozone or euro area (dark blue) represents around 350 million people. The euro is the second-largest reserve currency in the world. Beginning in the year 1999 with some EU member states, now 20 out of 27 EU states use the euro as official currency in a currency union.
Croatia adopted the euro as its currency on 1 January 2023, becoming the 20th member state of the eurozone. A fixed conversion rate was set at 1 € = 7.5345 kn. [1] Croatia's previous currency, the kuna, used the euro (and prior to that one of the euro's major predecessors, the German mark or Deutsche Mark) as its main reference since its ...