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The Euro after 20 Years is a historic success
Review of World Economics ( IF 1.5 ) Pub Date : 2018-11-29 , DOI: 10.1007/s10290-018-0335-3
Jean-Claude Trichet

Contrary to many negative predictions, the euro, as a currency, is a remarkable success in terms of credibility and stability. The euro, as a currency, and the euro area, as a single market with a single currency, proved a remarkable resilience in the worst global financial crisis since World War II. The euro area was quick, imaginative and flexible to learn lessons from the global financial crisis. The euro and the euro area were and are benefiting from a large popular support, which explains largely their resilience in the crisis. The euro area is a success in terms of real growth measured during the period starting from its inception until today.

中文翻译:

20年后的欧元取得了历史性的成功

与许多负面预测相反,欧元作为一种货币,在信誉和稳定性方面取得了巨大的成功。在第二次世界大战以来最严重的全球金融危机中,欧元(作为一种货币)和欧元区(作为一个具有单一货币的单一市场)被证明具有显着的弹性。欧元区快速,富有想象力且灵活,可以从全球金融危机中汲取教训。欧元和欧元区过去并正在受益于民众的广泛支持,这在很大程度上解释了它们在危机中的韧性。从欧元区成立到今天,欧元区在实际增长方面取得了成功。
更新日期:2018-11-29
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