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Benefits of the euro | European Union
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lang="fr">français</span></a></li><li class="ecl-site-header__language-item"><a href="https://european-union.europa.eu/institutions-law-budget/euro/benefits_ga" class="ecl-link ecl-link--standalone ecl-link--no-visited ecl-site-header__language-link" hreflang="ga" ><span class="ecl-site-header__language-link-code">ga</span><span class="ecl-site-header__language-link-label" lang="ga">Gaeilge</span></a></li><li class="ecl-site-header__language-item"><a href="https://european-union.europa.eu/institutions-law-budget/euro/benefits_hr" class="ecl-link ecl-link--standalone ecl-link--no-visited ecl-site-header__language-link" hreflang="hr" ><span class="ecl-site-header__language-link-code">hr</span><span class="ecl-site-header__language-link-label" lang="hr">hrvatski</span></a></li><li class="ecl-site-header__language-item"><a href="https://european-union.europa.eu/institutions-law-budget/euro/benefits_it" class="ecl-link ecl-link--standalone ecl-link--no-visited 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class="ecl-site-header__language-link-label" lang="nl">Nederlands</span></a></li><li class="ecl-site-header__language-item"><a href="https://european-union.europa.eu/institutions-law-budget/euro/benefits_pl" class="ecl-link ecl-link--standalone ecl-link--no-visited ecl-site-header__language-link" hreflang="pl" ><span class="ecl-site-header__language-link-code">pl</span><span class="ecl-site-header__language-link-label" lang="pl">polski</span></a></li><li class="ecl-site-header__language-item"><a href="https://european-union.europa.eu/institutions-law-budget/euro/benefits_pt" class="ecl-link ecl-link--standalone ecl-link--no-visited ecl-site-header__language-link" hreflang="pt" ><span class="ecl-site-header__language-link-code">pt</span><span class="ecl-site-header__language-link-label" lang="pt">português</span></a></li><li class="ecl-site-header__language-item"><a href="https://european-union.europa.eu/institutions-law-budget/euro/benefits_ro" class="ecl-link ecl-link--standalone ecl-link--no-visited ecl-site-header__language-link" hreflang="ro" ><span class="ecl-site-header__language-link-code">ro</span><span class="ecl-site-header__language-link-label" lang="ro">română</span></a></li><li class="ecl-site-header__language-item"><a href="https://european-union.europa.eu/institutions-law-budget/euro/benefits_sk" class="ecl-link ecl-link--standalone ecl-link--no-visited ecl-site-header__language-link" hreflang="sk" ><span class="ecl-site-header__language-link-code">sk</span><span class="ecl-site-header__language-link-label" lang="sk">slovenčina</span></a></li><li class="ecl-site-header__language-item"><a href="https://european-union.europa.eu/institutions-law-budget/euro/benefits_sl" class="ecl-link ecl-link--standalone ecl-link--no-visited ecl-site-header__language-link" hreflang="sl" ><span class="ecl-site-header__language-link-code">sl</span><span class="ecl-site-header__language-link-label" lang="sl">slovenščina</span></a></li><li class="ecl-site-header__language-item"><a href="https://european-union.europa.eu/institutions-law-budget/euro/benefits_fi" class="ecl-link ecl-link--standalone ecl-link--no-visited ecl-site-header__language-link" hreflang="fi" ><span class="ecl-site-header__language-link-code">fi</span><span class="ecl-site-header__language-link-label" lang="fi">suomi</span></a></li><li class="ecl-site-header__language-item"><a href="https://european-union.europa.eu/institutions-law-budget/euro/benefits_sv" class="ecl-link ecl-link--standalone ecl-link--no-visited ecl-site-header__language-link" hreflang="sv" ><span class="ecl-site-header__language-link-code">sv</span><span class="ecl-site-header__language-link-label" lang="sv">svenska</span></a></li></ul></div><div class="ecl-site-header__language-category" data-ecl-language-list-non-eu><div class="ecl-site-header__language-category-title">Other languages</div><ul class="ecl-site-header__language-list"><li class="ecl-site-header__language-item"><a href="https://european-union.europa.eu/institutions-law-budget/euro/benefits_ru" class="ecl-link ecl-link--standalone ecl-link--no-visited ecl-site-header__language-link" lang="ru" hreflang="ru" ><span class="ecl-site-header__language-link-code">ru</span><span class="ecl-site-header__language-link-label">русский</span></a></li><li class="ecl-site-header__language-item"><a href="https://european-union.europa.eu/institutions-law-budget/euro/benefits_uk" class="ecl-link ecl-link--standalone ecl-link--no-visited ecl-site-header__language-link" lang="uk" hreflang="uk" ><span class="ecl-site-header__language-link-code">uk</span><span class="ecl-site-header__language-link-label">yкраїнська</span></a></li></ul></div></div></div></div> <div class="ecl-site-header__search-container" role="search"> <a class="ecl-button ecl-button--tertiary ecl-site-header__search-toggle" href="" data-ecl-search-toggle="true" aria-controls="oe-search-search-form" aria-expanded="false" ><svg class="ecl-icon ecl-icon--s ecl-site-header__icon" focusable="false" aria-hidden="true" role="img"><use xlink:href="/themes/contrib/oe_theme/dist/eu/images/icons/sprites/icons.svg#search"></use></svg>Search </a> <form class="ecl-search-form ecl-site-header__search" role="search" action="/institutions-law-budget/euro/benefits_en" method="post" id="oe-search-search-form" accept-charset="UTF-8" data-ecl-search-form ><div class="ecl-form-group"><label for="edit-keys" id="edit-keys-label" class="ecl-form-label ecl-search-form__label" >Search</label><input id="edit-keys" class="ecl-text-input ecl-text-input--m ecl-search-form__text-input form-search ecl-search-form__text-input" name="keys" type="search" ></div><button class="ecl-button ecl-button--primary ecl-search-form__button ecl-search-form__button" type="submit" ><span class="ecl-button__container"><svg class="ecl-icon ecl-icon--xs ecl-button__icon" focusable="false" aria-hidden="true" data-ecl-icon><use xlink:href="/themes/contrib/oe_theme/dist/eu/images/icons/sprites/icons.svg#search"></use></svg><span class="ecl-button__label" data-ecl-label="true">Search</span></span></button><input data-drupal-selector="form-vxnjbg-qfah7qb-dqmpwefotcigov9zasjhfubvf67k" type="hidden" name="form_build_id" value="form-vXnJBG-qFah7QB-DQMPWeFOtCigov9ZasJhFUbVf67k" /><input data-drupal-selector="edit-oe-search-search-form" type="hidden" name="form_id" value="oe_search_search_form" /></form> <script type="application/json">{"service":"search","results":"in","form":".ecl-search-form","lang":"en","key":"EUNION"}</script> </div> </div> </div> </div> </div> </div> </div> <div class="ecl-site-header__banner"></div> <div class="ewcms-horizontal-menu" id="block-ewcms-theme-horizontal-menu"> <div> <nav class="ecl-menu" data-ecl-menu data-ecl-menu-max-lines="2" data-ecl-auto-init="Menu" data-ecl-menu-label-open="Menu" data-ecl-menu-label-close="Close" aria-expanded="false" role="navigation" aria-label="Site navigation" ><div class="ecl-menu__overlay"></div><div class="ecl-container ecl-menu__container"><button class="ecl-button ecl-button--tertiary ecl-menu__open ecl-button--icon-only" type="button" data-ecl-menu-open aria-expanded="false" ><span class="ecl-button__container"><svg class="ecl-icon ecl-icon--m ecl-button__icon" focusable="false" aria-hidden="true" data-ecl-icon><use xlink:href="/themes/contrib/oe_theme/dist/eu/images/icons/sprites/icons.svg#hamburger"></use></svg><svg class="ecl-icon ecl-icon--s ecl-button__icon" focusable="false" aria-hidden="true" data-ecl-icon><use xlink:href="/themes/contrib/oe_theme/dist/eu/images/icons/sprites/icons.svg#close-filled"></use></svg><span class="ecl-button__label" data-ecl-label="true">Menu</span></span></button><section class="ecl-menu__inner" data-ecl-menu-inner aria-label="Menu"><header class="ecl-menu__inner-header"><button class="ecl-button ecl-button--ghost ecl-menu__close" type="submit" data-ecl-menu-close ><span class="ecl-button__container"><span class="ecl-button__label" data-ecl-label="true">Close</span><svg class="ecl-icon ecl-icon--s ecl-button__icon" focusable="false" aria-hidden="true" data-ecl-icon><use xlink:href="/themes/contrib/oe_theme/dist/eu/images/icons/sprites/icons.svg#close-filled"></use></svg></span></button><div class="ecl-menu__title">Menu</div><button class="ecl-button ecl-button--ghost ecl-menu__back" type="submit" data-ecl-menu-back ><span class="ecl-button__container"><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-270 ecl-button__icon" focusable="false" aria-hidden="true" data-ecl-icon><use xlink:href="/themes/contrib/oe_theme/dist/eu/images/icons/sprites/icons.svg#corner-arrow"></use></svg><span class="ecl-button__label" data-ecl-label="true">Back</span></span></button></header><button class="ecl-button ecl-button--ghost ecl-menu__item ecl-menu__items-previous ecl-button--icon-only" type="button" data-ecl-menu-items-previous tabindex="-1" ><span class="ecl-button__container"><svg class="ecl-icon ecl-icon--s ecl-icon--rotate-270 ecl-button__icon" focusable="false" aria-hidden="true" data-ecl-icon><use xlink:href="/themes/contrib/oe_theme/dist/eu/images/icons/sprites/icons.svg#corner-arrow"></use></svg><span class="ecl-button__label" data-ecl-label="true">Previous items</span></span></button><button class="ecl-button ecl-button--ghost ecl-menu__item ecl-menu__items-next ecl-button--icon-only" type="button" data-ecl-menu-items-next tabindex="-1" ><span class="ecl-button__container"><svg class="ecl-icon ecl-icon--s ecl-icon--rotate-90 ecl-button__icon" focusable="false" aria-hidden="true" data-ecl-icon><use xlink:href="/themes/contrib/oe_theme/dist/eu/images/icons/sprites/icons.svg#corner-arrow"></use></svg><span class="ecl-button__label" data-ecl-label="true">Next items</span></span></button><ul class="ecl-menu__list" data-ecl-menu-list><li class="ecl-menu__item" data-ecl-menu-item id="ecl-menu-item-ecl-menu-461693762-0"><a href="/index_en" class="ecl-link ecl-link--standalone ecl-menu__link" data-untranslated-label="Home" data-active-path="/" data-ecl-menu-link id="ecl-menu-item-ecl-menu-461693762-0-link" >Home</a></li><li class="ecl-menu__item ecl-menu__item--has-children" data-ecl-menu-item data-ecl-has-children aria-haspopup aria-expanded="false" id="ecl-menu-item-ecl-menu-461693762-1"><a href="/principles-countries-history_en" class="ecl-link ecl-link--standalone ecl-menu__link" data-untranslated-label="Principles, countries, history" data-active-path="/node/2" data-ecl-menu-link id="ecl-menu-item-ecl-menu-461693762-1-link" >Principles, countries, history</a><button class="ecl-button ecl-button--ghost ecl-menu__button-caret ecl-button--icon-only" type="button" data-ecl-menu-caret aria-label="Access item's children" aria-describedby="ecl-menu-item-ecl-menu-461693762-1-link" aria-expanded="false" ><span class="ecl-button__container"><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-button__icon" focusable="false" aria-hidden="true" data-ecl-icon><use xlink:href="/themes/contrib/oe_theme/dist/eu/images/icons/sprites/icons.svg#corner-arrow"></use></svg></span></button><div class="ecl-menu__mega" data-ecl-menu-mega ><ul class="ecl-menu__sublist"><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/principles-countries-history/principles-and-values_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Principles and values" data-active-path="/node/9" >Principles and values</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/principles-countries-history/facts-and-figures-european-union_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Facts and figures on the European Union " data-active-path="/node/10" >Facts and figures on the European Union </a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/principles-countries-history/eu-countries_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="EU countries" data-active-path="/node/288" >EU countries</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/principles-countries-history/eu-enlargement_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="EU enlargement" data-active-path="/node/1181" >EU enlargement</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/principles-countries-history/history-eu_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="History of the EU" data-active-path="/node/13" >History of the EU</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/principles-countries-history/symbols_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Symbols" data-active-path="/node/14" >Symbols</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/principles-countries-history/languages_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Languages" data-active-path="/node/15" >Languages</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/principles-countries-history/eu-made-easy_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="EU made easy" data-active-path="/node/1169" >EU made easy</a></li><li class="ecl-menu__subitem ecl-menu__see-all"><a href="/principles-countries-history_en" class="ecl-link ecl-link--standalone ecl-link--icon ecl-menu__sublink" ><span class="ecl-link__label">See all</span><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-link__icon" focusable="false" aria-hidden="true" ><use xlink:href="/themes/contrib/oe_theme/dist/eu/images/icons/sprites/icons.svg#arrow-left"></use></svg></a></li></ul></div></li><li class="ecl-menu__item ecl-menu__item--has-children" data-ecl-menu-item data-ecl-has-children aria-haspopup aria-expanded="false" id="ecl-menu-item-ecl-menu-461693762-2"><a href="/institutions-law-budget_en" class="ecl-link ecl-link--standalone ecl-menu__link" data-untranslated-label="Institutions, law, budget" data-active-path="/node/3" data-ecl-menu-link id="ecl-menu-item-ecl-menu-461693762-2-link" >Institutions, law, budget</a><button class="ecl-button ecl-button--ghost ecl-menu__button-caret ecl-button--icon-only" type="button" data-ecl-menu-caret aria-label="Access item's children" aria-describedby="ecl-menu-item-ecl-menu-461693762-2-link" aria-expanded="false" ><span class="ecl-button__container"><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-button__icon" focusable="false" aria-hidden="true" data-ecl-icon><use xlink:href="/themes/contrib/oe_theme/dist/eu/images/icons/sprites/icons.svg#corner-arrow"></use></svg></span></button><div class="ecl-menu__mega" data-ecl-menu-mega ><ul class="ecl-menu__sublist"><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/institutions-law-budget/institutions-and-bodies_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Institutions and bodies" data-active-path="/node/295" >Institutions and bodies</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/institutions-law-budget/leadership_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Leadership " data-active-path="/node/18" >Leadership </a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/institutions-law-budget/law_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Law" data-active-path="/node/20" >Law</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/institutions-law-budget/budget_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Budget" data-active-path="/node/21" >Budget</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/institutions-law-budget/euro_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="The Euro" data-active-path="/node/22" >The Euro</a></li><li class="ecl-menu__subitem ecl-menu__see-all"><a href="/institutions-law-budget_en" class="ecl-link ecl-link--standalone ecl-link--icon ecl-menu__sublink" ><span class="ecl-link__label">See all</span><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-link__icon" focusable="false" aria-hidden="true" ><use xlink:href="/themes/contrib/oe_theme/dist/eu/images/icons/sprites/icons.svg#arrow-left"></use></svg></a></li></ul></div></li><li class="ecl-menu__item ecl-menu__item--has-children" data-ecl-menu-item data-ecl-has-children aria-haspopup aria-expanded="false" id="ecl-menu-item-ecl-menu-461693762-3"><a href="/priorities-and-actions_en" class="ecl-link ecl-link--standalone ecl-menu__link" data-untranslated-label="Priorities and actions" data-active-path="/node/4" data-ecl-menu-link id="ecl-menu-item-ecl-menu-461693762-3-link" >Priorities and actions</a><button class="ecl-button ecl-button--ghost ecl-menu__button-caret ecl-button--icon-only" type="button" data-ecl-menu-caret aria-label="Access item's children" aria-describedby="ecl-menu-item-ecl-menu-461693762-3-link" aria-expanded="false" ><span class="ecl-button__container"><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-button__icon" focusable="false" aria-hidden="true" data-ecl-icon><use xlink:href="/themes/contrib/oe_theme/dist/eu/images/icons/sprites/icons.svg#corner-arrow"></use></svg></span></button><div class="ecl-menu__mega" data-ecl-menu-mega ><ul class="ecl-menu__sublist"><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/priorities-and-actions/eu-priorities_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="EU priorities" data-active-path="/node/794" >EU priorities</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/priorities-and-actions/actions-topic_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Actions by topic" data-active-path="/node/25" >Actions by topic</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/priorities-and-actions/european-years_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="European years" data-active-path="/node/82" >European years</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/priorities-and-actions/eu-support-ukraine_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="EU support for Ukraine" data-active-path="/node/774" >EU support for Ukraine</a></li><li class="ecl-menu__subitem ecl-menu__see-all"><a href="/priorities-and-actions_en" class="ecl-link ecl-link--standalone ecl-link--icon ecl-menu__sublink" ><span class="ecl-link__label">See all</span><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-link__icon" focusable="false" aria-hidden="true" ><use xlink:href="/themes/contrib/oe_theme/dist/eu/images/icons/sprites/icons.svg#arrow-left"></use></svg></a></li></ul></div></li><li class="ecl-menu__item ecl-menu__item--has-children" data-ecl-menu-item data-ecl-has-children aria-haspopup aria-expanded="false" id="ecl-menu-item-ecl-menu-461693762-4"><a href="/live-work-study_en" class="ecl-link ecl-link--standalone ecl-menu__link" data-untranslated-label="Live, work, study" data-active-path="/node/5" data-ecl-menu-link id="ecl-menu-item-ecl-menu-461693762-4-link" >Live, work, study</a><button class="ecl-button ecl-button--ghost ecl-menu__button-caret ecl-button--icon-only" type="button" data-ecl-menu-caret aria-label="Access item's children" aria-describedby="ecl-menu-item-ecl-menu-461693762-4-link" aria-expanded="false" ><span class="ecl-button__container"><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-button__icon" focusable="false" aria-hidden="true" data-ecl-icon><use xlink:href="/themes/contrib/oe_theme/dist/eu/images/icons/sprites/icons.svg#corner-arrow"></use></svg></span></button><div class="ecl-menu__mega" data-ecl-menu-mega ><ul class="ecl-menu__sublist"><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/live-work-study/living-eu_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Living in the EU" data-active-path="/node/26" >Living in the EU</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/live-work-study/travelling-eu_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Travelling in the EU" data-active-path="/node/27" >Travelling in the EU</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/live-work-study/participate-interact-vote_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Participate, interact, vote" data-active-path="/node/28" >Participate, interact, vote</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/live-work-study/immigration-eu_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Immigration to the EU" data-active-path="/node/29" >Immigration to the EU</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/live-work-study/working-eu_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Working in the EU" data-active-path="/node/31" >Working in the EU</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/live-work-study/doing-business-eu_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Doing business in the EU" data-active-path="/node/32" >Doing business in the EU</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/live-work-study/import-and-export_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Import and export" data-active-path="/node/204" >Import and export</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/live-work-study/funding-grants-subsidies_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Funding, grants, subsidies" data-active-path="/node/33" >Funding, grants, subsidies</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/live-work-study/public-contracts_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Public contracts" data-active-path="/node/34" >Public contracts</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/live-work-study/studying-and-training-eu_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Studying and training in the EU" data-active-path="/node/35" >Studying and training in the EU</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/live-work-study/jobs-and-traineeships-eu-institutions_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Jobs and traineeships in EU institutions" data-active-path="/node/36" >Jobs and traineeships in EU institutions</a></li><li class="ecl-menu__subitem ecl-menu__see-all"><a href="/live-work-study_en" class="ecl-link ecl-link--standalone ecl-link--icon ecl-menu__sublink" ><span class="ecl-link__label">See all</span><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-link__icon" focusable="false" aria-hidden="true" ><use xlink:href="/themes/contrib/oe_theme/dist/eu/images/icons/sprites/icons.svg#arrow-left"></use></svg></a></li></ul></div></li><li class="ecl-menu__item ecl-menu__item--has-children" data-ecl-menu-item data-ecl-has-children aria-haspopup aria-expanded="false" id="ecl-menu-item-ecl-menu-461693762-5"><a href="/news-and-events_en" class="ecl-link ecl-link--standalone ecl-menu__link" data-untranslated-label="News and events" 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class="ecl-breadcrumb__segment ecl-breadcrumb__current-page" data-ecl-breadcrumb-item="static" aria-current="page">Benefits</li></ol></nav><div class="ecl-page-header__info"><h1 class="ecl-page-header__title"><span>Benefits</span></h1></div></div></div> </div> <main class="ecl-u-pb-xl" id="main-content" data-inpage-navigation-source-area="h2.ecl-u-type-heading-2, div.ecl-featured-item__heading"> <div class="ecl-container"> <div class="ecl-row"> <div class="ecl-col-s-12 ewcms-top-sidebar"> <div> <div data-drupal-messages-fallback class="hidden"></div> </div> </div> </div> <div class="ecl-row"> <div class="ecl-col-s-12"> <div id="block-ewcms-theme-main-page-content" data-inpage-navigation-source-area="h2, div.ecl-featured-item__heading" class="ecl-u-mb-l"> <article dir="ltr"> <div> <div class="ecl-u-mb-2xl"> <a id="paragraph_908"></a> <div> <div class="ecl"> <h2 class="ecl-u-type-heading-2">What are the benefits of the euro? </h2> </div> <div class="ecl"><p>The euro offers many benefits for individuals, businesses and the economies of the countries that use it. These include:</p> <ul> <li>the ease with which prices can be compared between countries, which boosts competition between businesses, thereby benefiting consumers</li> <li>price stability</li> <li>the euro makes it easier, cheaper and safer for businesses to buy and sell within the euro area and to trade with the rest of the world</li> <li>improved economic stability and growth</li> <li>better integrated and therefore more efficient financial markets</li> <li>greater influence in the global economy</li> <li>a tangible sign of a European identity.</li> </ul> <p>Many of these benefits are interconnected. For example, economic stability is good for a member country’s economy, as it enables the government to plan for the future. But economic stability also benefits businesses by reducing uncertainty and encouraging investment. This, in turn, benefits the public through increased employment and better quality jobs.</p></div> </div> </div> <div class="ecl-u-mb-2xl"> <a id="paragraph_909"></a> <div> <div class="ecl"> <h2 class="ecl-u-type-heading-2">How does the euro produce these benefits?</h2> </div> <div class="ecl"><p>The euro has eliminated the costs of exchange rate fluctuations within the euro area. This protects consumers and businesses within the euro area from costly swings in currency markets, which, in some countries, used to undermine confidence, discourage investment and cause economic instability. Before the euro, the need to exchange currencies meant extra costs, risks and a lack of transparency in transactions between countries. Using a single currency makes doing business and investing in the euro area easier, cheaper and less risky.</p> <p>By making it easy to compare prices, the euro encourages trade and investment of all kinds between countries. It also helps individual consumers and businesses to secure the best prices.</p></div> </div> </div> <div class="ecl-u-mb-2xl"> <a id="paragraph_910"></a> <div> <div class="ecl"> <h2 class="ecl-u-type-heading-2">Benefits worldwide</h2> </div> <div class="ecl"><p>The scale of the single currency and the size of the euro zone also bring new opportunities in the global economy. A single currency makes the euro zone a more attractive region for non-EU countries to do business with, thus promoting trade and investment.</p> <p>Prudent economic management makes the euro an attractive reserve currency for non-EU countries and gives the euro zone a more powerful voice in the global economy. The euro is the world’s second most popular reserve currency.</p> <p>The stability of the euro also makes it attractive for businesses around the world that trade with Europe to accept prices quoted in euros. This saves European businesses from the costs associated with shifts in exchange rates and the cost of converting euros into other currencies. The euro is the currency of choice for almost 40% of global cross-border payments and for almost half the EU’s exports worldwide.</p> <p>Scale and careful management also bring economic stability to the euro zone, making it more resilient to external economic 'shocks', i.e. sudden economic changes that may arise outside the euro zone and disrupt national economies, such as worldwide oil price rises or turbulence on global currency markets. The size and strength of the euro zone make it better able to absorb such external shocks without job losses and lower growth.</p></div> </div> </div> <div class="ecl-u-mb-2xl"> <a id="paragraph_911"></a> <div> <div class="ecl"> <h2 class="ecl-u-type-heading-2">Reaping the benefits</h2> </div> <div class="ecl"><p>First, the euro zone economy benefits from prudent management. The EU’s economic and fiscal rules, including the Stability and Growth Pact, a central component of Economic and Monetary Union, promote economic stability and growth. Second, the euro is the key mechanism for maximising the benefits of the single market, trade policy and political cooperation. As such, it is an integral part of the economic, social and political structures of today’s European Union.</p></div> </div> </div> <div class="ecl-u-mb-2xl"> <a id="paragraph_914"></a> <div class="ecl-content-item-block"><div class="ecl-row"><div class="ecl-content-item-block__title ecl-col-12"><h2 class='ecl-u-type-heading-2'>Publications</h2></div></div><div class="ecl-row"><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 "><article class="ecl-content-item" ><div class="ecl-content-block ecl-content-item__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title" data-ecl-title-link><a href="https://op.europa.eu/en/publication-detail/-/publication/f3b6c449-796b-4740-8b22-f8b34766798a" class="ecl-link ecl-link--standalone" >How the euro benefits us all</a></div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 last-item-column last-item"><article class="ecl-content-item" ><div class="ecl-content-block ecl-content-item__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title" data-ecl-title-link><a href="https://op.europa.eu/en/publication-detail/-/publication/2a9e2a82-4412-11ea-b81b-01aa75ed71a1/language-en/format-PDF/source-search" class="ecl-link ecl-link--standalone" >A short guide to the euro</a></div></div></article></div></div></div> </div> <div class="ecl-u-mb-2xl"> <a id="paragraph_1406"></a> <div> <div id="block-benefitsoftheeurovideo" class="ecl-u-mt-l"> <h2 class="ecl-u-type-heading-2">Video gallery</h2> <section class="ecl-gallery" data-ecl-auto-init="Gallery" data-ecl-gallery-not-expandable data-ecl-gallery ><ul class="ecl-gallery__list"><li class="ecl-gallery__item" ><a href="https://ec.europa.eu/avservices/play.cfm?ref=I-160132&lg=EN&sublg=none&autoplay=true&tin=10&tout=59" data-ecl-gallery-item class="ecl-gallery__item-link" id="ecl-gallery-item-ecl-gallery-1117126550-0"data-ecl-gallery-item-embed-src="https://ec.europa.eu/avservices/play.cfm?ref=I-160132&lg=EN&sublg=none&autoplay=true&tin=10&tout=59" data-ecl-gallery-item-video-title="The euro makes it's easier...to live abroad" ><figure class="ecl-gallery__image-container"><div class="ecl-gallery__item-icon-wrapper"><svg class="ecl-icon ecl-icon--l ecl-icon--inverted ecl-gallery__item-icon" focusable="false" aria-hidden="true" ><use xlink:href="/themes/contrib/oe_theme/dist/eu/images/icons/sprites/icons.svg#play-filled"></use></svg></div><picture class="ecl-picture ecl-picture--zoom ecl-gallery__thumbnail" ><img class="ecl-gallery__image" src="/sites/default/files/styles/oe_theme_medium_no_crop/public/media_avportal_thumbnails/QZuBMzcoyzoshMAq9gx0YVeV1mAo1f6FM3OSieP6oUE.jpg?itok=gPmCGJhP" alt="" ></picture><figcaption class="ecl-gallery__description" data-ecl-gallery-description ><span class="ecl-gallery__title" id="ecl-gallery-item-ecl-gallery-1117126550-0-title" data-ecl-gallery-title>The euro makes it's easier...to live abroad</span><span class="ecl-gallery__caption">The euro makes it's easier...to live abroad</span><span class="ecl-gallery__meta"></span></figcaption></figure></a></li><li class="ecl-gallery__item" ><a href="https://ec.europa.eu/avservices/play.cfm?ref=I-160134&lg=EN&sublg=none&autoplay=true&tin=10&tout=59" data-ecl-gallery-item class="ecl-gallery__item-link" id="ecl-gallery-item-ecl-gallery-1117126550-1"data-ecl-gallery-item-embed-src="https://ec.europa.eu/avservices/play.cfm?ref=I-160134&lg=EN&sublg=none&autoplay=true&tin=10&tout=59" data-ecl-gallery-item-video-title="The Euro makes it easy...to travel" ><figure class="ecl-gallery__image-container"><div class="ecl-gallery__item-icon-wrapper"><svg class="ecl-icon ecl-icon--l ecl-icon--inverted ecl-gallery__item-icon" focusable="false" aria-hidden="true" ><use 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