The European Parliament has been closely involved in every stage of EMU, from the decision to launch the currency taken in Maastricht in 1992, leading to the 1st of January 1999 when the exchange rates of the participating Member States were irrevocably fixed against the euro and the European Central Bank was created, and finally to the subsequent physical changeover in 2002.
The European Parliament has been closely involved in every stage of EMU, from the decision to launch the currency taken in Maastricht in 1992, leading to the 1st of January 1999 when the exchange rates of the participating Member States were irrevocably fixed against the euro and the European Central Bank was created, and finally to the subsequent physical changeover in 2002.