The Euro is one of the most highly traded fiat currencies on the Foreign Exchange, ranking just beneath the US Dollar. It's used in 19 of the 27 European Union nations, and it maintains a high level of stability and value more consistently than most other currencies around the globe. The Euro is designed to be used with multiple countries making it a rather unique currency.
The Economy of the EU
The Euro is not the official currency of a single nation. Instead, it's the somewhat universal currency used across the EU, and most of the EU's members have adopted it as their national currency. This has its own benefits, but it does make gauging the economy before investing slightly more complicated.
EU nations tend to have stable economies that pose little risk to your ROIs, and some of the newest members, or members transitioning into the EU after leaving the Eastern Bloc, boast massively growing economies.
This means that, rather than simply researching the economy of the European Union as a whole, you need to research the economic makeup and stability of the country you're investing in.
Buying Silver with EUR
Buying silver within Europe is very popular. There are a number of refineries throughout the EU producing silver ingots and bars for retail investors. These include Poland, Germany, Andorra, and others. Austria is the only country in the EU that regularly produces a silver bullion coin, the silver Philharmonic, which is sold worldwide. This is the only silver coin that has a legal tender value-based in Euros. One thing to consider when purchasing silver as an investment in the EU is that VAT is charged on investment silver throughout Europe, at a rate of 20% or more. This makes purchasing silver and storing it 'offshore' a very appealing option, as VAT isn't charged on silver unless it has been delivered.