Euro adoption has expanded from the original core countries to 21 member states, bringing over 350 million Europeans into the single currency. Vice‑President Boris Vujčić of the European Central Bank highlighted the role of convergence criteria set by the Maastricht Treaty, which include price stability, fiscal discipline, market confidence and a two‑year participation in the European Exchange Rate Mechanism II (ERM II). The speech reviewed how ERM II has accommodated diverse economies—from the Baltic states to Slovakia and Croatia—while maintaining exchange‑rate stability. Vujčić also noted post‑crisis reforms such as the banking union and strengthened fiscal surveillance, which reinforce the euro’s resilience. Recent Eurobarometer surveys show strong public support for the currency.
© European Central Bank, 2025.
Summary derived from the ECB website (https://www.ecb.europa.eu ).
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