The European Commission on Tuesday (20 July) released an assessment of the first five years of the euro, praising the currency as a success but identifying several challenges ahead.
The euro - which is shared by 12 countries in the EU - was introduced in January 1999 and began to be used as notes and coins in January 2002 replacing old currencies such as the Franc, Deutschmark and Lira.
Its introduction split opinion amongst economists.
Some believed that it would cause e...
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