The euro is the only and unique currency of Economic and Monetary Union; it was adopted by 11 UE member-states, on January 1st, 1999; Germany, Austria, Belgique, Spain, Finland, France, Irland, Italy, Luxembourg, and Portugal. The denomination "euro" was approved by all Chiefs-states and Government during the European Council meeting ocurred in Madrid, december 1995. It became the unique currency between the eleven countries members on January 1st, 1999. Until december 31 st, 2000, the local currencies of those countries members will be subdivided in "non-decimals"parts of the euro.                The euro bills were designed by Robert Kalina from Central Bank of Austria: the graphics and som simbolic elements represents historic, period of the architectual hentage from Europe. In the front face there are windows and partics symbolizing the open spirit and cooperation between the countries of the E.U. In the verse the bridges represents the communication among their in habitants and the rest of the world. The bills differ in size and in colours; they are in different nues of green, yellow, blue, pink and orange.                Security is obtained throught fluorescent fibers, a securiy filament and others optical elements that certify it's origin and validation. The European Monetary Institute, encharged with all concepts and prodution of the bills, declared that my person, with just a mmmal training and knowledge cdd were created open technical specifications based on their eletromagnetic properties, determined from securities standards.                The financial markets will pressure the neighborhood countries that didn't adapted the euro currency, keeping a sensitive attention to their financial health, forcing then to maintain arigorous monetary and fiscal discipline. Further, those countries will have to adopt the euro have exchange rates, presuming they will have all obligations of the euro economy without taking part in the management of the euro monetary politic.                The creation of a Monetary Economic Union is a project barned in the end of the 60's. Created by the European Union. In 1969 it was as an official project by the Haya European Meeting. In 1970, the werner report forecasted a creation, in to years, of an economic and monetary union.                Due following crises, like the petroleum crisis, economic divergences amoung the agreement didn't reach many of the countries, just Germany, Dinamarque, Belgique, and Luxembourg.                In 1979, the project was revamped with the creation of the European Monetary System - EMS - It was designed to be flexible, based in exchange rates, stables but adjunstables, were the main reference was the "ecu", a combination of najor currencies of member participants countries. During the Maastritch Treat negotiations in 1990-1991, the EMS was considered a success, not only by economists but also politicians.                The movable exchange rates amoung european currencies were reduced slightly: between 1979 and 1985, was twice time less than the period of 1975 and 1979, and lessened again to hat between 1986 and 1989. The lesseming and the inflation rates convergence and the long term interest rates igually contributed to a very positive result of EMS.                This positive result to the EMS performed a strong influence on the out coming discussions happened in the meetings of the monetary and Economic Union after 1985, when a M.E.U. starded to be considered a necessary complement of an unique market.                  In 1988 the Hannover European concil established a Committee beaded by Jacques Delors, president of the European Commission at that time, with the mission of study and creation of an unique european currency and the European Central Bank.                 Based in this report, the madrid European Concil in 1989 decided that the first stage would begin in July 1990. The Maastricht European concil in December 1991 decided that Europe world hake a common currency before the year 2000. This Maastricht council defined the conditions and the calendar for the arriving of the new european currency.                  The European Monetary System, created in 1979, wasn't a monetary union, but contributed to make it ready, promoting stanbility amoug the currencies of members - states and a better coordination and convergence of theirs monetary and economic polities. The Exchange Rates Merchamsm, ERM was the main central element of the EMS, assuring "fixed, but flexibles" interest rates among the participants currencies, where it could change slightly, as long it keep thenselves in pre-defined boundaries should take appropriate measures to correct the unbalance. The EMS contributed to stabilize the exchange rates of participant currencies, making smallerr and less frequent adjustment in the parity during 1979 and 1995. The main difference between the EMS and M.E.U is that the last one created and was based in a unique currency, originated in the treaty, replacing all currencies from all participant countries, in a European Bank, reponsible of a unique monetary policy, and a much wider responsable of all fiscal and monetary policies.