The Euro and the ECB Economics 2011-2012. Why use the Euro? Many tourists/citizens use the Euro....

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The Euro and the ECB Economics 2011-2012

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Transcript of The Euro and the ECB Economics 2011-2012. Why use the Euro? Many tourists/citizens use the Euro....

Page 1: The Euro and the ECB Economics 2011-2012. Why use the Euro? Many tourists/citizens use the Euro. This was not always the case.

The Euro and the ECB

Economics 2011-2012

Page 2: The Euro and the ECB Economics 2011-2012. Why use the Euro? Many tourists/citizens use the Euro. This was not always the case.

Why use the Euro?

Many tourists/citizens use the Euro.

This was not always the case.

Page 3: The Euro and the ECB Economics 2011-2012. Why use the Euro? Many tourists/citizens use the Euro. This was not always the case.

Why use the Euro?

What if the US states each had its own currency? Discuss.

Positives of using the Dollar in all 50 States….

Page 4: The Euro and the ECB Economics 2011-2012. Why use the Euro? Many tourists/citizens use the Euro. This was not always the case.

Why use the Euro?

Negatives of using the Dollar in all 50 States….

Page 5: The Euro and the ECB Economics 2011-2012. Why use the Euro? Many tourists/citizens use the Euro. This was not always the case.

Why use the Euro?

Read pages 10-17 in the article, One Currency for One Europe.

Page 6: The Euro and the ECB Economics 2011-2012. Why use the Euro? Many tourists/citizens use the Euro. This was not always the case.

Why use the Euro?

Get in groups and answer the questions on a separate sheet of paper.

Page 7: The Euro and the ECB Economics 2011-2012. Why use the Euro? Many tourists/citizens use the Euro. This was not always the case.

One Currency for One Europe

What is an EMU? Explain.

Page 8: The Euro and the ECB Economics 2011-2012. Why use the Euro? Many tourists/citizens use the Euro. This was not always the case.

One Currency for One Europe

What is the ECB and what is its main goal?

Page 9: The Euro and the ECB Economics 2011-2012. Why use the Euro? Many tourists/citizens use the Euro. This was not always the case.

One Currency for One Europe

Can any country adopt the Euro?

What must a country gain Euro status?

Page 10: The Euro and the ECB Economics 2011-2012. Why use the Euro? Many tourists/citizens use the Euro. This was not always the case.

One Currency for One Europe

Since 2002, other countries have adopted the Euro. Explain the two scenarios for adoption.

Page 11: The Euro and the ECB Economics 2011-2012. Why use the Euro? Many tourists/citizens use the Euro. This was not always the case.

One Currency for One Europe

Page 12: The Euro and the ECB Economics 2011-2012. Why use the Euro? Many tourists/citizens use the Euro. This was not always the case.

One Currency for One Europe

Explain two reasons why the Euro is good for the consumer.

Page 13: The Euro and the ECB Economics 2011-2012. Why use the Euro? Many tourists/citizens use the Euro. This was not always the case.

One Currency for One Europe

Explain two reasons why the Euro is good for a nation.

Page 14: The Euro and the ECB Economics 2011-2012. Why use the Euro? Many tourists/citizens use the Euro. This was not always the case.

The Euro and the ECB

http://ec.europa.eu/economy_finance/publications/publication6730_en.pdf

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