London : england
On This Day in History : January 4th, 1999
On this day in history the Euro currency debuted.
The euro (sign: €; code: EUR) is the official currency of the eurozone, which consists of 19 of the 28 member states of the European Union: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
The currency is also officially used by the institutions of the European Union and four other European countries, as well as unilaterally by two others, and is consequently used daily by some 337 million Europeans as of 2015.
England, as part of the United Kingdom, is the most notable member of the European Union that has elected not to use the euro. Rather, the United Kingdom uses the pound sterling as its national currency.
Following a referendum held on June 23rd, 2016 in which 52% of votes were cast in favour of leaving the EU, the UK government intends to invoke Article 50 of the Treaty on European Union, the formal procedure for withdrawing, by the end of March 2017.
This, within the treaty terms, would put the UK on a course to leave the EU by March 2019. Prime Minister Theresa May, elected by the ruling Conservative Party in the wake of the referendum, has promised a bill to repeal the European Communities Act 1972 and to incorporate existing EU laws into UK domestic law. The terms of withdrawal have not yet been negotiated; in the meantime, the UK remains a full member of the European Union.
Side Note: The Prime Meridian passes the western edge of the Millennium Dome (Center) and the nearest London Underground station is North Greenwich on the Jubilee line.
- Geo-Historical Text : Wikipedia
- Calculations : WolframAlpha Pro
- Satellite Imagery: ESRI ArcGIS
Overlay Source Image: NASA Johnson