Private Cloud Storage. A form of cloud storage where the enterprise and cloud storage provider are integrated in the enterprise's data center. In private cloud storage, the storage provider has infrastructure in the enterprise's data center that is typically managed by the storage provider. Private cloud storage helps resolve the potential for security and performance concerns while still offering the advantages of cloud storage.
The name euro was officially adopted on 16 December 1995. The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743).ince late 2009, the euro has been immersed in the European sovereign-debt crisis which has led to the creation of the European Financial Stability Facility as well as other reforms aimed at stabilising the currency.
Within three years, however, the euro was established as an everyday currency and replaced the domestic currencies of many member states. Although the euro is still not universally adopted by all the member states as the main currency, most of the holdouts peg their currency in some way against the euro. The euro provided several economic advantages to the citizen of the EU. Travel was made easier by removing the need for exchanging money, and more importantly, the currency risks were removed from European trade.