NAMING THE CURRENCY ANDCREATING THE
At the meeting of the European Council in Madrid in December 1995,
Europe’s leaders decided on the currency’s new name: the euro.
Other suggestions were rejected because of their national
connotations. These included the “ducat”, “ecu”, “florin”, “Franken”, or
using the euro as a prefix to existing currency names
They agreed that the name should be the same in all official languagesof the European Union (EU), taking account of different alphabets, andeasy to pronounce and representative of Europe.
The official abbreviation of the euro, EUR, has been registered with theInternational Organization for Standardization (ISO).