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
Romania and the euro the foreign minister of Romania declared on 28 August 2017 that, as they "meet all formal requirements", Romania "could join the currency union even tomorrow". However, he thought Romania "will adopt the euro in five years, in 2022". In March 2018, members of the ruling PSD voted at an extraordinary congress to back a 2024 target date to adopt the euro currency. The Maastricht Treaty originally required that all members of the European Union join the euro once certain economic criteria are met. , Romania meets 4 of the 7 criteria. Romanian euro coins have not yet been designed. Romanian