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Since 2002, many European countries have used the euro as their payment method. However, this cross-border currency merger brings not only advantages for the participating member states, but also disadvantages. We explain some of these in this video. You can watch Part 1, "European Monetary Union Simply Explained," here: • Europäische Währungsunion einfach erklärt ... As of January 2018 The 19 eurozone countries include: Belgium, Germany, Estonia, Finland, France, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovakia, Slovenia, Spain, and Cyprus. "Non-EU countries that use the euro include: Andorra, Monaco, San Marino, Vatican City, Montenegro, and Kosovo. The territories of Saint-Pierre and Miquelon and Saint Barthélemy, which are part of France but not part of the EU, also use the euro. At the Akrotiri and Dhekelia military bases in Cyprus, which are under British sovereignty and also not part of the EU, only the euro is accepted."* *Source: Wikipedia Download the narration at: www.explainity.de/education-project/transskripte/ ------------------------------------------------------------------------------------------------------- This explainer video was produced by: explainity GmbH Website: www.explainity.de Email: [email protected] This film was produced and published for private, non-commercial use. The clip may be used free of charge without prior consultation and without written permission. Please always cite explainity as the source when using it and refer to www.explainity.de when publishing online. Commercial use and use for educational purposes, such as film screenings at educational events (e.g., in school classes or in the field of adult education), require a license. Please contact us for further information: [email protected], +49 40 3346598-60 If you are interested in creating your own explainity explainer video, please visit our website www.explainity.de or contact us directly. We look forward to your inquiry.