By Giovanni Moro

Established in 2002, the Euro is now the forex of 17 international locations utilized by over 335 million humans day-by-day. even supposing the only forex is way mentioned when it comes to macroeconomics and international funds, policymakers hardly tackle its influence on eu citizenship in social, cultural, political, and lifestyle economics phrases. This hidden facet of the only forex is the focal point of the essays, which use quite a few methods, from fiscal historical past and political sociology to citizenship and legitimacy, to bare the connections among the Euro and ecu citizenship.

This well timed contribution by means of well known specialists presents a better knowing of the Euro at a time while it isn't transparent even if it's going to be celebrated or venerated, and appears into elements of the one foreign money which are the bottom of the social belief that helps it and that's at stake within the current obstacle. it will likely be a necessary device to a person learning the political, social, and monetary improvement of the E.U.

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Extra info for The Single Currency and European Citizenship: Unveiling the Other Side of The Coin

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However, that this community exists 34 The Single Currency and European Citizenship does not mean it is perfect, or complete, or all-encompassing, or permanent. The current Eurozone crisis is severely testing the EU’s legitimacy, even as large parts of the EU remain deeply, if often invisibly, integrated. The Single Market and the European Court of Justice have built an extensive European legal system that stretches across all areas of daily life, the national bureaucracies of the EU states have been merged together through the EU policy system, and the EU has become an international actor on the world stage.

The chapter concludes with my thoughts on the implications of this research for the future of the euro and Europe as a whole. Imagined communities and European citizenship Political authority is a necessary part of governing. Getting people to obey your edicts, laws, rules, and norms is much easier and less costly if you 24 The Single Currency and European Citizenship do not have to employ coercion but rather are viewed as legitimate. One underpinning for that authority is a sense of collective identity on the part of those being led.

The symbols on the euro are also carefully constructed in terms of the representations of the literal mapping of Europe. In contrast to the standardized and indistinct map on the paper currency, the coins offer a richer array of geographic expressions of what Europe is: a unified image of a community of Europe with no borders appears on the most valuable coins (1 and 2 euros); of a group of sovereign and distinct states on lower value coins (on 10, 20, and 50 cent coins); and as a region in a global context on the least valuable coins (on 1 and 5 cent coins).

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