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Term Paper The Euro In the global economy, the U.S. dollar dominates the market. In order to balance the overwhelming control the U.S. has, a new union was created, the European Union. In 1946, Winston Churchill first envisioned a union of this magnitude. In January of 1992, its initial 12 members founded the European Union (EU). They were, in alphabetical order, Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, and United Kingdom (XE 1). …

…passed and the general conclusion is that the Euro has been a complete success. Not only in it’s distribution, but in the uniting of many nations and the balancing of the global economy. The creation of the Euro had strengthened the economy of all. In the global economy, the U.S. dollar dominates the market. In order to balance the overwhelming control the U.S. has, a new union was created, the European Union.