European Single Currency - Euro

The EU has grown in size with successive waves of accessions.
As we all know euro became a new single currency of European Union on 1st January 1999, and entered circulation across twelve European Union countries (Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal and Finland) on 1 January 2002.
Nowadays Euro replaces money of all European Union countries. European monetary system is governed by European Central Bank (ECB).
There plenty of questions which appear in connection with introduction of euro, especially now, when Latvia has joined European Union. I found these processes very interesting and useful and decided to choose this topic to investigate some facts about history, how euro influenced prices in other countries, which are the main benefits of euro, what particular changes are expected in Latvia?
To my mind this paper could be interesting for very wide audience because of importance and urgency.
In my research I have used plenty of different sources, starting with historical books to latest news in internet sites. Of course I haven’t expected to find so great amount of information, and, unfortunately, it is not possible to include all facts I wanted, but I tried to sort out information I consider most important.…