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hi there heres a quick a to macro revision video looking at the euro but in particular the question were going to focus on is whether some of the smaller EU nations including some of the new member states should they join the single currency though are currently 28 member nations the EU nine of whom are yet to join the single currency area and they include countries such as Poland to the Czech Republic Hungary Bulgaria Romania and the newest EU country Croatians join the EU in 2013 of course the UK is also outside the single currency area we have chosen to negotiate an opt out from that arrangement every country can choose their exchange rate system so the Euro itself is a floating exchange rate for the 19 eurozone nations within the system of course if agreed to share common currency the UK is outside the US as a floating exchange rate Bulgaria is also outside it has a Currency Board system a fixed exchange rate with the euro and Denmark also has a fixed peg against the euro so effe