The euro celebrates its tenth anniversary on a background of historical crisis
Via Scoop.it – #GreekCrisis
“The euro has become the last ten years in the purse of millions of Europeans without success to conquer the hearts, or marketsthat today are questioning its existence. Used in 1999 by financial markets, the euro broke into the life of every day in 12European countries on 1 January 2002, when the franc , lira DM and others have bowed out. Today the euro area encompasses 332 million people in 17 countries. Mid-2011, 14.2 billion of notes and 95.6 billion coins were in circulation for a value of nearly $ 870 billion, according to figures from the European Central Bank(ECB).
Political and economic circles continue to highlight the benefits of the single currency: “Increased choice and stable prices for consumers, more security and opportunity for companies and markets” or a “tangible sign of European identity, “and praises the website of the European Commission . But with the debt crisis, which began in Greece in 2010 before winning gradually throughout the euro area, the old resentments have resurfaced, beliefs Eurosceptics have again become “trendy” and mistrust between the North and South the region has never been higher.”