Twenty years of the euro: triumphs, problems, prospects
The euro is celebrating its first twenty years as a success but also in the awareness that much remains to be done. The overwhelming majority of European citizens consider the single currency a part of their identity and view it favorably; surely, the introduction of the euro simplified economic and commercial activities. Yet, not to be underestimated is the problem it created, particularly for a country like Italy, by eliminating the possibility of using exchange rates as a competitive devaluation tool.









