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The Euro Explained: The History & How Countries Join – TLDR Explains

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The Euro has been the official currency of many EU nations for about two decades, so our Patreon audience’s request we’re going to discuss how countries join the single currency and the history of the Euro.

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TLDR is all about getting you up to date with the news of today, without bias and without filter. We want to give you the information you need, so you can make your own decision.

TLDR is a super small company, run few people with the help of some amazing volunteers. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, following and backing on Patreon. Thanks!

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31 Comments

31 Comments

  1. @fotis1964

    March 2, 2024 at 1:00 pm

    Euro coin is the gun of Germans to rule Europe. As a Greek i consider eurozone the biggest crime organisation.
    For sure the so called greek debt crisis is fake. Is a fraud. ECB count as public debt the collateral bonds greek state published for banks.
    Helmut Schmidt one of the co-founders of EU was very critical for what ended to be. Among others EU is very racist blaming Greeks for lazy and being corrupt.
    I wish Greece exit eurozone and stay in EU only for it's benefit otherwise exit from EU as well.

  2. @SaitamaLover

    March 2, 2024 at 1:00 pm

    According to international monetary economics we are not an optimal currency area (OCA) and we lose more than we gain according to it. But it doesn't mean that we cannot be in the future. If we cooperate and put our stupid differences and egos aside. The euro can outperform single currencies enormously. Right now it isn't really.

  3. @thesecondsilvereich7828

    March 2, 2024 at 1:00 pm

    Germany 4th reich

  4. @juliagilbert2628

    March 2, 2024 at 1:00 pm

    Hi there CLONEBILLZ10 ๐Ÿ‘‰@ TยฃLโ‚ฌGR@// I recieved my order (counterfeit bank notes) today, very good delivery times,everything was fine,thanks,and i will be in touch to purchase again..

  5. @joecaruso06

    March 2, 2024 at 1:00 pm

    I know how dependent smaller countries in the eurozone are on dependent on trading with the euro and how European economies are interconnected. A fight for individual control over monetary policy is quite confusing. Then again, I won't claim to know enough. As much as I believe a nation's growth and an economic recession are related and how economic downturns are natural, now is the moment to rethink the policies that are to blame especially with the ECB increasing rates and making loan repayments harder for the basic people. In either case, I'm happy I sold the vast majority of my euro holding at a premium. Can't risk the dollar drawdown alongside the euro.

  6. @CaesarAugustus.

    March 2, 2024 at 1:00 pm

    "Eurozone countries must aim to keep their nation's debt to less than 60% of GDP."

    The US with a 123% Debt-to-GDP ratio: that's cute.

  7. @metiupapluch

    March 2, 2024 at 1:00 pm

    Bulgaria is 2024

  8. @WeirdFlame

    March 2, 2024 at 1:00 pm

    Looks like Bulgaria is pushed to January 2024

  9. @jacobkilstrom

    March 2, 2024 at 1:00 pm

    Something I think is a bit interresting is that several of the more recent members of the euro zone are countries that have got independet from biggers countries like Estonia, Latvia, Lithaunia (Sovjet Union), Slovakia (Czechoslovakia), Slovenia and soon even Croatia (Yugoslavia).

  10. @pauliewalnuts5803

    March 2, 2024 at 1:00 pm

    Sterling much better

  11. @naon7756

    March 2, 2024 at 1:00 pm

    A few months ago I started collecting Euro coins, grouped by country and year. I already have almost โ‚ฌ200 in total in different currencies. if anyone wants to trade, i'm available

  12. @Michal10

    March 2, 2024 at 1:00 pm

    The euro can only suit rich Germans with salaries that we can only dream of and that we will never have.

  13. @Michal10

    March 2, 2024 at 1:00 pm

    I am interested in the opinion of low-income EU citizens on how they live and shop with the euro. I don't know a Slovak who would praise the Euro. Everyone lived better with the Slovak crown. The only Slovaks who are satisfied with the Euro are the rich Slovaks. We do not have the Euro and I am glad for that.

  14. @Michal10

    March 2, 2024 at 1:00 pm

    The euro is not for the benefit of the individual, but of the rich and entrepreneurs. It is more of a political tool than an economic one. If countries kept their currencies and the Euro was used in foreign trade outside Europe, it would be far more advantageous. Central banks would protect their own people from inflation, but as a Union, we would have better deals with the Euro. If we could make it PetroEuro and compete with the dollar, we would be in a better economic and political situation, with Europe playing a better role in the world, regardless of its alliance with the United States.

  15. @superyamky

    March 2, 2024 at 1:00 pm

    Switching from currency to currency when going from a country to another one is kinda getting annoying to me to do that all the time

  16. @Passque666

    March 2, 2024 at 1:00 pm

    The Copenhagen criteriaโ€”which even the Copenhagen establishment doesnโ€™t agree.

  17. @LAUSDBus7950

    March 2, 2024 at 1:00 pm

    ฦ

  18. @JFKennedy-wy5ez

    March 2, 2024 at 1:00 pm

    When I travel to Cuba I use the euro. The dollar is ban and other currencies are weaker

  19. @rajeebsatyal9292

    March 2, 2024 at 1:00 pm

    Hello what's the best way to get started with trade cos I've been making my personal research for a while now and i still don't know how to start.

  20. @SAMEERTHIGALE

    March 2, 2024 at 1:00 pm

    Loved this video

  21. @cityzens634

    March 2, 2024 at 1:00 pm

    The euro was created so Germany would have a weaker currency so it could sell its products more cheaply

  22. @janschmitz4006

    March 2, 2024 at 1:00 pm

    Czechia doesnโ€™t want Euro just because populist in our country made from it something badโ€ฆ but the population who usually travel or live near German/Austrian or Slovak border want it as our head economistsโ€ฆ because itโ€™s just make living in Europe better!

  23. @isonsky

    March 2, 2024 at 1:00 pm

    where is the map at 10:53 from?
    i wanna use it in a paper but can't seem to find it

  24. @nigelseymour4850

    March 2, 2024 at 1:00 pm

    Can you shed any light on why 8 EU countries are still not part of the eurozone? Given Brexit, I would have thought the EU would be welcoming as many as they can to join the 'secondary' club? I recall Croatia were keen, if not desperate, to push this through being the latest addition to the 'primary' club but it all seems to have grinded to a halt…

    Thanks

  25. @kushalj.manjesh2307

    March 2, 2024 at 1:00 pm

    Yes, I want to know about the pros and cons of the Euro.

  26. @nickylove7768

    March 2, 2024 at 1:00 pm

    Mr John david is the best, recommending him to all beginners who wants to recover losses like I did

  27. @seanhill8612

    March 2, 2024 at 1:00 pm

    Investing in crypto is the best way to earn financial freedom.

  28. @wantokamerica4105

    March 2, 2024 at 1:00 pm

    Back in the pre-โ‚ฌ 1970s we lived in Germany near the French border. One Sunday our father drove us across the border for lunch. On the way home my sister has to go to the toilet urgently. Our parents didn't have enough French coins to put in the door of the toilet stall, so my poor sister had to crawl under the tiny opening on a nasty floor to get in. If we'd had the โ‚ฌ back then, her dignity (and hygiene) would have been saved.

  29. @Skylla54

    March 2, 2024 at 1:00 pm

    I was 7, saw a big 2000 and a euro sign in the sky.
    My bank provided me with a lot of 2Euro chocolates.
    I dont know what were the costs, but great memories.

  30. @V3rciS

    March 2, 2024 at 1:00 pm

    As an economist, I do like the EURO. Best thing ever happened.

  31. @ermdzakir4334

    March 2, 2024 at 1:00 pm

    For Knowledge STAW

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Watch the Full Trailer: https://youtu.be/mP1b-33Qnqw
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๐Ÿ“ฐ Too Long: https://toolong.news/
๐ŸŽ‰ TLDR Party:ย  https://toolong.news/pages/tldr-party
๐Ÿ“– Read our Manifesto: https://tldrnews.co.uk/manifesto

Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.

TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!

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Sources:

https://edition.cnn.com/2026/07/15/world/russia-ukraine-sea-of-azov-intlย 
https://www.chathamhouse.org/2025/07/understanding-russias-black-sea-strategy
http://en.kremlin.ru/events/president/news/73670ย 
https://www.kyivpost.com/post/80191
https://www.railwaypro.com/wp/ukraine-claims-to-have-destroyed-a-strategic-railway-bridge-in-northern-crimea/#:~:text=Following%20the%20attack%2C%20the%20Moscow%2Dinstalled%20occupation%20authorities,point%20for%20trains%20to%20and%20from%20Russiaย 
https://ukrainianweek.com/ukraine-drones-russian-logistics/ย 
https://www.themoscowtimes.com/2026/07/14/russia-prepares-to-reroute-grain-exports-from-sea-of-azov-after-ukrainian-attacks-a93241ย 
https://www.researchgate.net/figure/Russias-share-in-world-grain-exports-1991-2018-Note-Exports-are-gross-Source_fig4_340164312#:~:text=from%20publication%3A%20Russian%20agricultural%20trade%20and%20world,world%20exports%20in%202017%E2%80%932018.%20This%20article%20examines
https://www.morningstar.com/news/dow-jones/202607157842/wheat-futures-surge-as-ukraine-attacks-ratchet-up-daily-grain-highlights#:~:text=Wheat%20Futures%20Surge%20as%20Ukraine%20Attacks%20Ratchet,rose%200.9%25%20to%20%2412.01%203%2F4%20a%20bushel

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๐Ÿ“ฐ Too Long: https://toolong.news/
๐ŸŽ‰ TLDR Party:ย  https://toolong.news/pages/tldr-party
๐Ÿ“– Read our Manifesto: https://tldrnews.co.uk/manifesto

Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.

TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!

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Take back your privacy- start using Proton Mail for free: http://proton.me/tldr

In response to the hot topic of immigration across Europe, the EU has implemented a series of policies to better secure its borders. And, it seems like those policies are working. In this video, we’re taking a look at the EU’s new strategy and what might happen next.

๐Ÿ“ฐ Too Long: https://toolong.news/
๐ŸŽ‰ TLDR Party:ย  https://toolong.news/pages/tldr-party
๐Ÿ“– Read our Manifesto: https://tldrnews.co.uk/manifesto

Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.

TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!

//////////////////////

Sources:

July 2026 Frontex data
https://www.frontex.europa.eu/media-centre/news/news-release/frontex-irregular-border-crossings-into-the-eu-down-37-in-the-first-half-of-2026-Z5YoLp

EU migrant removals deal
https://www.consilium.europa.eu/en/press/press-releases/2026/06/01/council-and-parliament-reach-deal-on-returns-of-illegally-staying-third-country-nationals/

BBC investigation (April 2026)
https://www.bbc.co.uk/news/articles/c86vpq42dl0o

Responses from legal experts and human rights groups
https://www.infomigrants.net/en/post/71670/what-the-new-eu-migrant-return-hubs-deal-means-in-practice
https://www.infomigrants.net/en/post/72458/migration-western-mediterranean-arrivals-increase-even-as-eu-arrivals-fall
https://www.infomigrants.net/en/post/71082/greek-border-pushbacks-frontex-reports-describe-abuse-masked-men-and-a-climate-of-impunity
https://www.ceps.eu/return-hubs-dont-return-people-they-detain-them-out-of-reach/

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Order a copy of our magazine Too Long: https://toolong.news/TL008

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๐Ÿ“ฐ Too Long: https://toolong.news/
๐ŸŽ‰ TLDR Party:ย  https://toolong.news/pages/tldr-party
๐Ÿ“– Read our Manifesto: https://tldrnews.co.uk/manifesto

Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.

TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!

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