Sunday, January 04, 2009

Happy Birthday to the Euro (€)

Thanks to SuperFrenchie, I was reminded that 10 years ago the Euro was introduced to world financial markets as an accounting currency.
It took another 3 years before it was launched as physical coins and banknotes (Jan 1 2002).
SF posted an interesting reminder of what some people said back then :

To be honest, one must say that it has not always been very popular with the Europeans, mostly because some businesses and shops took advantage of the currency change to make a profit.
But now, there is a consensus that the Euro is benefiting the national economies, especially in this time of economic crisis.
Besides, it makes it so much easier to travel. (it is even accepted in stores in Britain, Denmark, or Switzrland).
Below is the Eurozone (in blue)


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