Approximately 337 million people in 19 EU countries use the euro as legal tender. The single currency is the most far-reaching outcome of European integration to date and benefits citizens, companies and EU member states.
The single market of the European Union is the world’s strongest economic area. Not only are EU citizens free to travel, live, study, work and shop in any member state, they can also do business and invest anywhere they like in the European Union.
The banking union is creating a common market for banking services. The banking union protects taxpayers by means of a single European banking supervision system and – in the event of a crisis – a single bank resolution mechanism.
The capital markets union will strengthen the European economy and promote capital market financing to complement bank-based loans. It is intended to deepen and expand the EU’s single market with regard to capital and financial services