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Outside the EU, there are currently three French territories and a British territory that have agreements to use the euro as their currency. All other dependent territories of eurozone member states that have opted not to be a part of EU, usually with Overseas Country and Territory (OCT) status, use local currencies which are often pegged to the euro or U.S. dollar.
The change was made to facilitate trade with countries outside the EU, notably the United States, [32] and was made possible by a provision of the Lisbon Treaty which allows the European Council to change the EU status of a Danish, Dutch, or French territory on the initiative of the member state concerned. [33]
In 2004 the European Union developed the European Neighbourhood Policy (ENP) for the promotion of cooperation between the EU and its neighbours to the east and south of the European territory of the EU (i.e., excluding its outermost regions outside of Europe), [2] which, in part, includes the Cross-Border Cooperation programme aimed at the ...
The euro is also used in countries outside the EU. Four states (Andorra, Monaco, San Marino, and Vatican City) have signed formal agreements with the EU to use the euro and issue their own coins. [29] [30] Nevertheless, they are not considered part of the eurozone by the ECB and do not have a seat in the ECB or Euro Group.
Andorra, Monaco, and San Marino have all stated their desire to deepen relations with the EU. In November 2012, after the Council of the European Union had called for an evaluation of the EU's relations with these microstates, which they described as "fragmented", [9] the European Commission published a report outlining options for their further integration into the EU. [7]
Eurozone; Enlargement of the eurozone; Template:Euro topics (The pre-euro national currency article) (The national euro coin article) NB: Data input for the column "Government policy on euro adoption", shall preferably (if they exist) be the official target dates for euro adoption and/or ERM-II membership set by each government.
The European Free Trade Association (EFTA) was created to allow European countries to partake in a free trade area with less integration as within the European Communities (later European Union). Most of the countries initially in EFTA have since joined the EU itself, so only four remain outside, Norway, Iceland, Liechtenstein and Switzerland.
The list below includes all entities falling even partially under any of the various common definitions of Europe, geographical or political.Fifty generally recognised sovereign states, Kosovo with limited, but substantial, international recognition, and four largely unrecognised de facto states with limited to no recognition have territory in Europe and/or membership in international European ...