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How did 19 countries abandon their own currency for the Euro? How did it cause the Eurocrisis? How is the Euro managed and mismanaged? I wrote this episode in such a way that even if you know almost nothing about economics, you will still understand it. So enjoy! The European Union is compromise upon compromise by 28 different-thinking countries, balancing between keeping national sovereignty or giving it up for the greater good, for the European project to function properly. the EU is a tower of ductape. This is shown perfectly in action with the Euro. Whenever you go abroad, you have to exchange your currency for that of the country youre visiting, paying a small percentage of your money just to get back less money. This hampered European trade and so in 1999 the Euro came into force for companies and governments. In 2002 coins and paper bills were introduced for the average citizen. So, which countries have the Euro? To be part of the Euro you must adhere to 4 criteria: your countr
