Economy of Austria As a member of the economic and monetary union of the European Union (EMU), Austria's economy is closely integrated with other EU member countries, especially with Germany. On 1 January 1999, Austria introduced the new Euro currency for accounting purposes. In January 2002, Euro notes and coins were introduced, replacing those of the Austrian schilling. In Austria, Euros appear as 1999, however all Austrian euro coins introduced in 2002 have this year on it; unlike other countries of the Eurozone where mint year is minted in the coin. Eight different designs, one per face value, were selected for the Austrian
Czech Republic and the euro positioned to adopt the euro, following the European debt crisis there has been considerable opposition among the public to the adoption of the euro currency. According to a poll conducted in April 2017, 29% of Czechs were in favour of introducing the euro while 70% were opposed and 1% undecided. , there is no target date by the government for joining the ERM II or adopting the euro. The ruling cabinet that was formed following the 2017 legislative election does not plan to proceed with euro adoption within its term. The European Union membership referendum in 2003 approved the country's