The euro at 20: An enduring success but a fundamental failure

4Jan - by Editor - 0 - In STL.News

—Jan 04, 2019—(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.)

Barry Eichengreen, University of California, Berkeley
(THE CONVERSATION) New 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, Andora, Monaco, San Marino and Vatican City.

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