LYCOS RETRIEVER 
Euro: Euro Zone
built 642 days ago
Euro is a simple and accurate Euro converter. It not only allows conversions between currencies of the Euro zone, but ... handles 3 extra customizable currencies, which allows you to use it anywhere in the world
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On January 1, 1999 at 00:00, the Euro became the official currency for 11 of the 15 member states in the European Union. On January 1, 2001, Greece was ... included in the Euro zone. Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain have fixed conversion rates between their national currencies and the Euro, illustrated on the chart below.
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In the long run, the correlation between the bilateral dollar to euro exchange rate, and different measures of the effective exchange rate of Euroland, have been rather high, especially if one looks at the effective real exchange rate. As inflation is at very similar levels in the US and the Euro area, there is no need to adjust the dollar to euro rate for inflation differentials, but because the Euro zone ... trades intensively with countries that have relatively high inflation rates (e.g. some countries in Central and Eastern Europe, Turkey, etc.), it is more important to downplay nominal exchange rate measures by looking at relative price and cost developments.
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Santander (SAN.MC, STD.N) is the largest bank in the Euro Zone by market capitalization and one of the largest worldwide. Founded in 1857, Santander has euro 809,000 million in assets and euro 961,000 million in managed funds, over 66 million customers, 129,000 employees, 10,200 offices and a presence in 40 countries. It is the largest financial group in Spain and Latin America, and is a major player elsewhere in Europe, including the United Kingdom through its Abbey subsidiary and Portugal, where it is the third largest banking group. Through Santander Consumer Finance, it ... operates a leading consumer finance franchise in Germany, Italy, Spain and nine other European countries. As of December 2005, Santander recorded euro 6,220 million in net attributable profits, 72.5% more than in the previous year.
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It is worth noting that any place that previously used one or more of the currencies listed below has now ... adopted the Euro. This applies to the Principality of Andorra, the Principality of Monaco, and the Republic of San Marino. This of course applies automatically to any territories, departments, possessions, or collectivities of Euro-zone countries, such as the Azores, Balearic Islands, the Canary Islands, Europa Island, French Guiana, Guadeloupe, Juan de Nova, the Madeira Islands, Martinique, Mayotte, Reunion, Saint-Martin, Saint Pierre and Miquelon, to name just a few.
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Euro Zone