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What are the benefits of having a common currency of euro in Europe?
Wiki User
∙ 12y ago
It makes trading much easier between countries (but of course, only countries that use the same currency). It also makes it easier on citizens who travel throughout Eurozone countries, for they don't have to go to get their money converted and such.
Wiki User
∙ 12y ago
Wiki User
∙ 14y agoThey are all the same. What you want to look for is the relationship with dollar. That does change day by day and sometimes by the hour. Don't use the airport, hotels, or tourist exchanges, but go to the banks. They will have the dollar to euro amounts posted outside and the vary between them.
Wiki User
∙ 12y agoThey boarder alot of other European countries which means easier with them. ALso, their old currency, Lira, £1=2599 lira, so everything was in big numbers.
Wiki User
∙ 12y agoItaly benefits from the EU because the EU give Italy 65.5% of its money, also Italy used to trade global but now they mostly trade from the EU.
Wiki User
∙ 10y agoItaly is a member of the European Union and it decided that it wanted to use the euro when it started in 2002. 17 of the European Union's 28 countries now use it.
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