Euro
in sentence
2901 examples of Euro in a sentence
According to this view, the fact that two-thirds of EU member states belong to the
euro
is enough to prevent the EU from unraveling.
In reality, a number of important EU members remain outside the euro, including Poland, the Czech Republic, Denmark, Romania, and Sweden.
Moreover, under favorable circumstances, eurozone countries with current-account surpluses – such as Germany, the Netherlands, Spain, and Austria – could probably leave the
euro
without suffering catastrophic harm.
The Labour government that followed her continued the policy of remaining outside the
euro
zone, as will the Conservatives, who are likely to return to power under David Cameron in the spring of 2010.
The PBOC also has projected a stable exchange-rate environment for this year – despite the steep depreciation of the Japanese yen, the euro, and emerging-economy currencies against the dollar – thereby promoting global stability.
Judging from opinion polls, the European public has come to see the EU’s handling of the
euro
crisis as a success.
Some countries did not immediately benefit from the euro, but accepted it for the sake of solidarity.
The
Euro
ArkBRUSSELS – The
euro
is celebrating its tenth anniversary against the background of the most difficult economic climate since its birth.
Faced with the biggest test in its history, the
euro
is far from steering into disaster, as the Nobel laureate economist Milton Friedman predicted ten years ago.
Doubters should remember that the
euro
was itself born out of crisis.
In ten short years, the
euro
revolutionized the global economic environment, rising to the status of the world’s second currency and rivaling the dollar as a medium for international trade and finance.
With Slovakia’s entry on January 1, the
euro
spans 16 countries and 329 million citizens.
The benefits of a monetary union based on a stable macroeconomic framework and governed by an independent central bank are manifest: the
euro
area has enjoyed low inflation and low interest rates for much of the last decade, a boost in trade and investment, and rapid integration of financial markets.
First, the
euro
has eliminated the possibility of exchange-rate turbulence and speculative currency attacks that more vulnerable economies could have expected in the current turmoil.
As a stable and strong world currency, the
euro
is also limiting exchange-rate instability globally.
Second, the
euro
area benefits from an independent European Central Bank whose swift actions to ease liquidity constraints and coordinate monetary policy have recently helped to avert a financial meltdown.
Thanks to the fiscal rules of the Stability and Growth Pact, the
euro
area achieved its soundest budgetary position in 2007, bringing deficits to their lowest levels in 25 years.
Such are the EMU’s benefits that the visible costs of remaining a non-member are beginning to recast the political debate surrounding
euro
adoption in several countries.
Of course, the
euro
is no panacea, nor has it functioned perfectly over the last decade.
They must recognize the impact that national economic policies have on the
euro
area as a whole, and thus discuss and coordinate economic programs at the euro-area level.
When the
euro
area manages to agree swiftly on a coordinated position, this can be instrumental to finding agreement in the EU as a whole and internationally.
It is vital we now build on this success and develop a genuine international strategy for the
euro.
It contains many more countries than those that use the
euro.
As useful as the
euro
could be for Europe’s prosperity if its obvious flaws were corrected, the way that the eurozone is now developing will split the EU and undermine the idea of unity in diversity.
For example, the proposed Financial Transactions Tax in the European Union implies a wide-ranging impost generating more than €50 billion a year to shore up the EU’s own finances and save the
euro.
In my recent book Exorbitant Privilege: The Rise and Fall of the Dollar, I described a future in which the dollar and the
euro
would be the dominant global currencies.
There was no realistic alternative, I concluded, to a future in which the leading national currencies, the dollar and the euro, still dominated international transactions.
The US debt-ceiling fiasco has raised doubts in the minds of central bankers about the advisability of holding dollars, while Europe’s failure to resolve its sovereign-debt crisis continues to fuel doubt that the
euro
can survive.
Once upon a time (less than a year ago), it was possible to imagine international-reserve portfolios dominated by the dollar and euro; today, anxious central bankers are desperate for alternatives to both sick currencies.
This much has not changed in the last year: the SDR still is not an attractive option for central banks disenchanted with the dollar and the
euro.
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