20 years of the euro – and now? | German Institute for International & Security Affairs
“The euro currency was introduced as cash on 1 January 2002. The single currency has mitigated the impact of external shocks on the euro area economies.”
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The first euro banknotes and coins came into circulation 20 years ago. Although the exchange rates of almost all participating countries had already been fixed two years earlier, only the introduction of the euro marked Europe’s irreversible economic integration.
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Tags: euro, single currency