Screenplay: history of the euro

1990: Great Britain joined the ERM.

1991: European leaders signed the Treaty of Maastricht, definition of the European Union (EU) and urges countries that EMU. John Major secures the opt-out for the United Kingdom.

16 September 1992: Black Wednesday. Britain is forced to withdraw sterling from the ERM, after he was unable to maintain sterling over the agreed limit.

1995:European leaders agree to call the new single currency, the euro.

1997: Newly elected Chancellor Gordon Brown said that the Government is pro-euro in principle but should pass "five economic tests" before the holding of a referendum on the issue. William Hague, announces that the conservative party depart to join the euro at least two parliaments.

On January 4, 1999: The euro was born in 11 of the 15 Member States and trade starts at $1.1747, reaching a maximum of $1.1906 on the same day. The United Kingdom, the Sweden and the Denmark remain outside of the single currency. The Greece is initially excluded due to the weakening of the economy.

December 2, 1999: Euro below parity with the dollar for the first time.

On October 26, 2000: Euro hits a record low of $0.8225, 30pc below its value launch.

On September 22, 2000: The European Central Bank with the central banks of the United States and the Japan intervenes in foreign exchange markets to support the value of the euro.

September 11, 2001 - the terrorist attacks against the United States sees lower to $0.90 euro.

On January 2, 2002: Euro banknotes and coins become legal in 12 countries of the euro - zone the Greece is the twelfth member.

On June 28, 2002:Euro rises back above $1.00. Pressure on the dollar intensifies after months of concern from the Enron of WorldCom accounting scandals.

On June 30, 2004: Fed raises rates the first in a series of walks that take rates as high as 5.25% in June 2006 record low 1%, one percentage point. Euro closes on $1.2185.

February 27, 2008: Euro trades above the psychological key $ 1.50, barrier after the President of the Federal Reserve, Ben Bernanke marked that the Central Bank was ready to cut rates again in front of mounting risks to economic growth.

Fall 2008: Lehman Brothers bankruptcy, while the Government insurer AIG leasing files. Stolen investor safe-haven status of the dollar and yen. Euro to a minimum of $1.2328 1.4825 28 October $ September 22.

6 May 2010: Euro falls to a 14-month low of $1.2510 as the debt contagion risk Greek rock crisis world markets. Drops to a minimum of four years against the dollar may 17 at $1.2234.

30 November 2010:Euro drops below the mark of $1.30 for the first time since mid-September, as fears about the crisis of the debt of the euro area.

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