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The €uro In 1999, the euro area was established as a currency in eleven of the then fifteen EU Member States. Of the 27 EU Member States today, fifteen have adopted the euro. One of the striking benefits of a single European currency are low interest rates due to a high degree of price stability. The euro is as stable and credible as the best-performing currencies previously used in the euro area countries. € € € €
How does the EU spend its money? Natural resources: agriculture, environment 41% The EU as a global player: including development aid 6% Citizens, freedom, Security and justice 1% Other, administration 6% Sustainable growth: jobs, competitiveness, regional development 46% 2011 EU budget: € 141.9 Billion
Major Exports include textiles, jute, leather, diamonds, chemicals, marine products.
EU’s share in India’s export ranges between 21-25 percent.
Position of trade with EU is generally of deficit.
The EU is a global player. Its soft power promotes stability, prosperity, democracy and human rights, delivers concrete results in the fight to eradicate poverty, and in achieving sustainable development. UN Secretary General Ban Ki-moon , High Representative for the Common Foreign and Security Policy Javier Solana , and EU Commissioner Benita Ferrero-Waldner The EU in the World