The structural, magnetic and transport properties of EuSr2Ru1-xNbxCu2O8 (x
= 0, 0.1, 0.2 and 0.5) samples have been investigated by means of x-ray dif
fraction, magnetization and resistance measurements. It is found that the E
uSr2RuCu2O8 compound exhibits a ferromagnetic order of the Ru moments below
the Curie temperature of 130.19K, and becomes superconducting at a much lo
wer critical temperature of 10 K. The experimental observation that partial
substitution of Nb for Ru in this system results in the decrease of the Cu
rie temperature further supports the idea that the ferromagnetic order invo
lves only Ru moments in this compound. We suggest that the decrease of the
superconducting critical temperature T-c due to the partial substitution of
Nb for Ru originates from the decrease of the carrier concentration in the
CuO2 plane because of Nb existing always in the Nb5+ valence state while R
u is in a mixed valence state between Ru4+ and Ru5+. The coexistence of fer
romagnetism and superconductivity is also discussed.