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By Valdis DOMBROVSKIS, Vice President for the Euro and Social Dialogue, also in Charge of Financial Stability, Financial Services and Capital Markets Union
Europe’s single currency, the euro, is shared by 19 Member States and used every day by 340 million European citizens. In addition, around 60 countries in the world use the euro or tie their currency to it. Together with the Single European Payments Area, or SEPA for short, the euro offers many practical advantages, not least for medium-sized export-oriented companies: it enables cross-border and international value chains without currency transaction costs, and it protects from exchange...
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