In 2008, the subprime problem in the U.S.A. threatened the European finance. After the Lehman shock, the world economy became worse. Not only the banks but also the finance of the governments are confronted with the crisis. Sovereign debt …

In 2007, Slovenia adopted the euro. In 2008, Cyprus and Malta joined the euro. In 2009, Slovakia adopted the euro. In 2011, Estonia joined the euro. The euro area now numbers 17 countries and almost 331 million people.

In 1999, the euro was launched in the 11 Member States forming the euro area. But banknotes and coins were not available yet−the euro was still a “virtual” currency. In 2002, the largest monetary changeover in history took place as euro co…

It is very convenient for foreign travellers to use the euro during the trip in Europe. When I went to Frankfurt, I saw the European Central bank which was founded in 1998. It means that Frankfurt is the best place for the financial center…