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
The euro just turned 20.Marc Osborne/Shutterstock.comNew 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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