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y must have low inflation, low government debts, low long-term interest rates, and a stable exchange rate. 19 countries met these criteria and abandoned their currencies for the Euro. However, this led to the Eurocrisis as some countries, like Greece, were not economically stable. The Euro is managed by the European Central Bank, but mismanagement of the currency can lead to economic turmoil. The European Union is a complex system, with countries balancing national sovereignty and cooperation for the greater good.
