On 1 January 1999 eleven EU Member States adopted a new currency -
the euro. The introduction of the euro was a remarkable feat in the
history of European monetary, financial, economic and political
integration. It was an event of worldwide significance. Despite
much criticism and predictions that it would quickly collapse, the
first decade of the euro has been a remarkable success. The euro
area has now expanded to 16 members with a combined population of
326 million and contributes 16 per cent of global output. This 2010
book was the first to provide a wide-ranging strategic review of
the first decade of the euro. Written by an impressive line-up of
academic and professional economists, The Euro: The First Decade is
an invaluable reference for scholars and policy makers who wish to
know more about the successes and failures of the euro and the
challenges that lie ahead.
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