The euro, the currency of 15 countries and 320 million people, is celebrating its 10th birthday. The common currency undoubtedly is a huge success and American economist Martin Feldstein's prediction from 1997, "that divisions created by the euro might lead to war between nations using the currency", has not materialized. Nevertheless the good times seemed to be over at least for now, but there is absolute no reason to lose faith in the ability of the EZB to navigate rough waters.
source: An Impossible Dream, the Euro Finds Its Way
By CARTER DOUGHERTY and MARK LANDLER, NYT, June 3, 2008
http://www.nytimes.com/2008/06/03/business/worldbusiness/03euro.html?_r=1&partner=rssnyt&emc=rss&pagewanted=print
Tuesday, June 3, 2008
Happy Birthday! - Euro
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