which country has adopted the euro as its currency ( 1 point )?
Italy Portugal Finland Luxembourg France Slovenia Austria Germany Greece Spain
contradiction
 The 1992 Maastricht Treaty obliges most EU member states to adopt the euro upon meeting certain monetary and budgetary convergence criteria , although not all states have done so . The United Kingdom and Denmark negotiated exemptions , while Sweden ( which joined the EU in 1995 , after the Maastricht Treaty was signed ) turned down the euro in a 2003 referendum , and has circumvented the obligation to adopt the euro by not meeting the monetary and budgetary requirements . All nations that have joined the EU since 1993 have pledged to adopt the euro in due course . 

entailment
 As of January 2014 , and since the introduction of the euro , interest rates of most members countries ( particularly those with a weak currency ) , have decreased . The countries whose interest rates fell most as a result of the adoption of the euro are Greece , Ireland , Portugal , Spain , and Italy . These very countries have had the most serious sovereign financing problems . 

entailment
 The euro was established by the provisions in the 1992 Maastricht Treaty . To participate in the currency , member states are meant to meet strict criteria , such as a budget deficit of less than three percent of their GDP , a debt ratio of less than sixty percent of GDP ( both of which were ultimately widely flouted after introduction ) , low inflation , and interest rates close to the EU average . In the Maastricht Treaty , the United Kingdom and Denmark were granted exemptions per their request from moving to the stage of monetary union which would result in the introduction of the euro . 

entailment
 With all but two of the remaining EU members obliged to join , together with future members of the EU , the enlargement of the eurozone is set to continue . Outside the EU , the euro is also the sole currency of Montenegro and Kosovo and several European microstates ( Andorra , Monaco , San Marino and the Vatican City ) as well as in four overseas territories of EU members that are not themselves part of the EU ( Saint Barthélemy , Saint Pierre and Miquelon , the French Southern and Antarctic Lands and Akrotiri and Dhekelia ) . Together this direct usage of the euro outside the EU affects nearly 3 million people . 

entailment
 Outside the eurozone , a total of 22 countries and territories that do not belong to the EU have currencies that are directly pegged to the euro including 13 countries in mainland Africa ( CFA franc ) , two African island countries ( Comorian franc and Cape Verdean escudo ) , three French Pacific territories ( CFP franc ) and three Balkan countries , Bosnia and Herzegovina ( Bosnia and Herzegovina convertible mark ) , Bulgaria ( Bulgarian lev ) and Macedonia ( Macedonian denar ) . On 28 July 2009 , São Tomé and Príncipe signed an agreement with Portugal which will eventually tie its currency to the euro . Additionally , the Moroccan dirham is tied to a basket of currencies , including the Euro and the US dollar , with the Euro given the highest weighting . 
