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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 ...
The first enlargement of the eurozone, to Greece, took place on 1 January 2001, one year before the euro had physically entered into circulation. The next enlargements were to states which joined the EU in 2004 , and then joined the eurozone on 1 January in the mentioned year: Slovenia (2007), Cyprus (2008), Malta (2008), Slovakia (2009 ...
The reasons for the first member states to apply, and for them to be accepted, were primarily economic while the second enlargement was more political. The southern Mediterranean countries had just emerged from dictatorships and wanted to secure their democratic systems through the EEC, while the EEC wanted to ensure the same thing and that ...
The 1981 enlargement of the European Communities was the second enlargement of what is now the European Union, then the European Communities (EC). Greece acceded to the EEC on 1 January 1981. It is considered a part of the Mediterranean enlargement. The application for accession was made on 12 July 1975, one year after the restoration of ...
The first enlargement was in 1973, with the accession of Denmark, Ireland and the United Kingdom. Greece, Spain and Portugal joined in the 1980s. The former East Germany became part of the EEC upon German reunification in 1990. Following the creation of the EU in 1993, it has enlarged to include an additional sixteen countries by 2013.
Past enlargement since the foundation of the European Union as the European Economic Community by the Inner Six states in 1958 [7] brought total membership of the EU to twenty-eight, although as a result of the withdrawal of the United Kingdom, the current number of EU member states is twenty-seven.
On 1 January 2007, Bulgaria and Romania became member states of the European Union (EU) in the fifth wave of EU enlargement. [1] Bulgaria and Romania did not have a Referendum related to European Union accession.