Will The Euro Currency Persist?

The European Union and specifically the Euro zone have no good or interest in banishing (getting rid) of the unified currency called “Euro”. The Euro is an important sign of the unification of the economies of 17 European countries giving them more competitive advantage in comparison to many rising and developing nations in the world as well. Second, it is a better way for them to open up their borders for transfer of goods, services, labour, and skills among them. Then, this is a manner for those countries whether advanced like Germany, France and Holland for instance or less developed (with all respect) in Europe like some countries in Southern Europe to stay protected from both inflation and recession. These are some advantages of the Euro currency, which faces some challenges now and countries adopting it are trying to resolve the problem of accumulated public debt.

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