The Euro after 20 Years is a historic success

Jean-Claude Trichet ()
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Jean-Claude Trichet: European Central Bank

Review of World Economics (Weltwirtschaftliches Archiv), 2019, vol. 155, issue 1, No 2, 5-14

Abstract: Abstract Contrary to many negative predictions, the euro, as a currency, is a remarkable success in terms of credibility and stability. The euro, as a currency, and the euro area, as a single market with a single currency, proved a remarkable resilience in the worst global financial crisis since World War II. The euro area was quick, imaginative and flexible to learn lessons from the global financial crisis. The euro and the euro area were and are benefiting from a large popular support, which explains largely their resilience in the crisis. The euro area is a success in terms of real growth measured during the period starting from its inception until today.

Keywords: Euro; Euro area; Historic success; Credibility; Resilience; Popular support (search for similar items in EconPapers)
JEL-codes: E42 E58 F55 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (6)

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DOI: 10.1007/s10290-018-0335-3

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