EUROPEAN UNION COUNTRIES *On the 23rd June, 2016 a
referendum was held in the UK to ascertain whether or not they wished to
remain in the European Union. The UK voted to leave 52% to
48%. On the 29th March, 2017, the UK
Prime Minister, Mrs. Theresa May, triggered Article 50 which marked the
start of two years of negotiations prior to Britain’s exit which should
be before 29th March, 2019. 31st January, 2020 – UK finally leave the
European Union although there will be a transition period to enable
trade deals and finer details to be worked out. This should be
done by the end of 2020 but time will tell!
On the 1st January, 2007 Bulgaria and
Romania joined the European Union increasing the number of member states to
27 and then on the 1st July, 2013 Croatia was added to the list making 28
countries in total. The original 15 countries
were:- Austria – Belgium – Denmark –
Finland – France – Germany –
Greece Ireland – Italy – Luxembourg
– Netherlands – Portugal – Spain –
Sweden – United Kingdom* Joined by 10 others on
the 1st May, 2004. Cyprus – Czech Republic – Estonia –
Hungary – Latvia – Lithuania Malta – Poland – Slovakia – Slovenia.
2 additions on 1st January, 2007.
Bulgaria and Romania Latest addition on
1st July, 2013 Croatia 31st January, 2020 – UK
leave the European Union although there will be a transition period
to work out trade deals etc. This should be done by the end of 2020
but time will tell! There are now 27 countries currently in
the union.
Thirteen of these countries currently use the Euro as their
currency:-
Belgium | France | Netherlands | Germany | Ireland | Austria | Greece | Italy | Portugal | Spain | Luxembourg | Finland | Slovenia | Joined 1st
January, 2007 | Cyprus |
Joined 1st January, 2008 | Malta |
Joined 1st January, 2008 | Slovakia |
Joined 1st January, 2009 |
The conversion rates for the first countries to sign
up, were established on 1st January, 1999. These rates are fixed as follows:-
Currency |
Conversion
rate |
Code | Austrian schilling | 13.7603 | ATS | Belgian franc | 40.3399 | BEF | Deutsche mark | 1.95583 | DEM | Spanish peseta | 166.386 | ESP | Dutch guilder | 2.20371 | NLG | Finnish markka | 5.94573 | FIM | French franc | 6.55957 | FRF | Irish punt | 0.787564 | IEP | Italian lira | 1936.27 | ITL | Luxembourg franc | 40.3399 | LUF | Portuguese escudo | 200.482 | PTE | Greek drachma | 340.750 | GRD | Slovenia 1.1.07. | 239.640 | SIT | Malta 1.1.08. | 0.429300 | MTL | Cyprus 1.1.08. | 0.585274 | CYP | Slovakia 1.1.09 | 30.1260 | SKK |
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