The euro at 20: An enduring success but a fundamental failure
- Written by Barry Eichengreen, Professor of Economics and Political Science, University of California, Berkeley

New Year’s Day 1999 saw the largest monetary changeover in history. On that date, just 20 years ago, 12 members of the European Union formally adopted a brand-spanking-new currency, the euro.
Today seven additional EU member states use it, along with Montenegro, Kosovo, Andorra, Monaco,...
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