Expected Martin فيلدستين in the early days of the establishment of the European Economic and Monetary Union that this will happen major tensions could lead to another war in Europe. But those fears faded as the euro did not lead to these excessive expectations. But in addition to this, the euro protected many of the countries of Europe and proved that these forecasts are wrong.
And the euro achieved in these five years is a huge achievement, where are ready to meet the challenges encountered.
Has contributed to the emergence of the euro in the international market in a positive currency effect. After that there is a challenge and a great development for the euro, six years after its submission. Illustrates the institutional construction of the monetary policy, we obviously in Europe and the recent expansion of the European Union and the potential effects on the common currency of the remarkable development of the euro currency. As noted in the present time, we can not expect the performance of the euro as a global currency and exchange rate movements.
A study for the European Commission that the measurement objective in how secure macroeconomic stability, the past five for the European Monetary Union is successful. Based on the remarkable convergence between Member States in the euro area, which happened in the late nineties, with price stability.
It can be concluded from these aspects and views, that the euro will be stable and will flourish over the days.
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