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1. The basic monetary unit of many members of the European Union and some overseas territories; in 2002 twelve European nations (Germany, France, Belgium, Luxembourg, the Netherlands, Italy, Spain, Portugal, Ireland, Greece, Austria, Finland) adopted the euro as their basic unit of money and abandoned their traditional currencies; Slovenia, Cyprus, Malta, Slovakia and the Baltic states joined later
   - euro

See also: Euroland, Eurozone

Type of: monetary unit

Encyclopedia: EUR, Rome