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All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [1] when they meet the five convergence criteria. [2]
Several European microstates outside the EU have adopted the euro as their currency. For EU sanctioning of this adoption, a monetary agreement must be concluded. Prior to the launch of the euro, agreements were reached with Monaco, San Marino, and Vatican City by EU member states (Italy in the case of San Marino and Vatican City, and France in the case of Monaco) allowing them to use the euro ...
Despite deployment of COVID-19 vaccines, Europe became the pandemic's epicentre once again in late 2021. [9] On 11 January 2022, Dr. Hans Kluge , the WHO Regional Director for Europe said, "more than 50 percent of the population in the region will be infected with Omicron in the next six to eight weeks".
The primary currency used for trade around the world, between Europe, Asia and the Americas had historically been the Spanish-American silver dollar, which created a global silver standard system from the 16th to 19th centuries, due to abundant silver supplies in Spanish America. [3] The US dollar itself was derived from this coin.
Recovery in demand from the COVID-19 recession had, by 2021, revealed significant supply shortages across many business and consumer economic sectors. The inflation rate in the United States and the eurozone peaked in the second half of 2022 and sharply declined in 2023.
The COVID-19 recession was a global economic recession caused by COVID-19 lockdowns. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis.
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Chalk COVID-19 and VE day themed mural in May 2020. COVID-19 pandemic in popular culture; Impact of the COVID-19 pandemic on the arts and cultural heritage; Impact of the COVID-19 pandemic on cinema; Impact of the COVID-19 pandemic on the performing arts; Impact of the COVID-19 pandemic on social media; Impact of the COVID-19 pandemic on sports