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countable noun. The euro is a unit of money that is used by the member countries of the European Union which have accepted European monetary union. It is represented by the symbol <>. A euro is divided into one hundred smaller units called cents. Millions of words have been written about the introduction of the euro.
For the mathematical term, see Series (mathematics) Â§ Convergence criteria. The euro convergence criteria (also known as the Maastricht criteria) are the criteria which European Union member states are required to meet to enter the third stage of the Economic and Monetary Union (EMU) and adopt the euro as their currency.