The Euro: Charting the next decade ahead

Alessio Terzi

Quarterly Report on the Euro Area (QREA), 2024, vol. 23, issue 2_3, 79-89

Abstract: Since it was created over a quarter of a century ago, the euro has served Europeans well, promoting trade and investment, and by and large guaranteeing price stability. It has proven resilient to shocks, including a global financial crisis, the euro area crisis, a global pandemic and an energy crisis. As a result, it remains an attractive currency used today by 20 Member States, up from the 11 initial Member States in 1999. Looking ahead over the next decade, the euro will need to navigate several mega trends. They include rising geopolitical tensions, climate change, the digital/AI revolution and population ageing. This chapter aims to sketch out how these mega trends could affect the EU’s economic and monetary union and its institutions and to distil some high-level policy implications for the years to come.

Keywords: climate change; demography; euro area; geopolitical tensions; government debt; technological change (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:euf:qreuro:0232_3-06

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