FUTURE PERSPECTIVE ON THE EURO AS A GLOBAL CURRENCY

Mona Ivănescu () and Iuliu Ivănescu

Romanian Economic Business Review, 2011, vol. 6, issue 1, 159-167

Abstract: Ten years ago, many EU officials celebrated by abolishing their old, national currency, and embraced the sign of a newer emerging Europe- the Euro. Today, just ten years later, the same people are questioning adopting the Euro, scared by the recent crisis in Greece. 2011 will show the actual dimensions of the economic crisis, provided that austerity measures will be strongly felt and the effects of hundreds of billions of dollars pumped into rescuing financial markets will decrease, leaving room for reality. So, almost certainly, 2011 will be the year to lay the foundation of a strong future Euro, or the beginning of a new Europe without Euro.

Keywords: euro; economic perspectives; global currency (search for similar items in EconPapers)
Date: 2011
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