- Words: 1316
- Length: 5 Pages
- Topic: Economics
- Paper #: 31150727
" During the third and final stage, the European Central bank would be in operation. According to the agreement, this was to occur no later than 1999 and for three years thereafter Euro coins and banknotes would be issued (Eichengreen and Frieden).
By 2002, the Euro had been implemented as the single currency for member states. However, the implementation and consequent use of the Euro appeared to be a bit rocky.