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Euro council chooses 11 countries (Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain) to transition to the euro.
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Britain, Sweden, Denmark decide not to participate
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Inauguration of the ECB, which will succeed the current European Monetary Institution.
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The practice of quoting exchange rates in price notation will be replaced by volume notation. This brings Europe into line with the pratice in other countries, notabluy the U.S.
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”Conversion Weekend” conversion rates between euro and national currencies are irrevocably xed
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Euro becomes official currency in 11 countries New public debt is issued in the euro. National currencies will simply be denominatiors a matter of convenience until 2002.
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Denmark votes in a referendum not to join the Euro.
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Greece is admitted to the Eurozone. The irrevocable conversion rate between the euro and the Greek drachma will be GDR 340.750 per 1Euro.
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"E Day" this day marks the beginning of the Euro, coins are circulated across EMU member countries and national currencies will be replaced by the Euro within 6 months of its introduction.
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Sweden votes resoundingly to reject membershio in the European single currency.