The European Commission: “there are territories that are not EU Member States but use the Euro”
Brussels confirmed on Friday the possibility of continuing to have the Euro as currency while not being part of the European Union. On Thursday the Catalan President, Artur Mas, emphasised that “Catalonia will have the Euro as its currency” whatever happens regarding its independence from Spain. Mas’ statement was immediately criticised by Madrid-based media, which are completely opposed to Catalonia’s self-determination and are arguing against it. In the last few days, a debate has been launched about whether an independent Catalonia would still be part of the EU. The Commission Spokesperson for Economic and Monetary Affairs, Simon O’Connor, emphasised that it is possible for a state to use the Euro as its currency independently of its EU membership. He named the examples of Monaco, Andorra and Montenegro, among others.