Еврото в Европа и по света – 20 години по-късно
Euro in Europe and around the world - 20 years later

Author(s): Kaloyan Simeonov
Subject(s): Economy, Supranational / Global Economy
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Euro; Economic and Monetary Union
Summary/Abstract: The euro was created 20 years ago. Two decades is not a quite long period, nevertheless, it provides us enough opportunities to draw conclusions on common currency importance in Europe and across the globe. The euro is associated with new benefits for governments, businesses and households from the EU member states. It became the second most important and the second most commonly used currency in the world, and its significance for Bulgaria, rest of the Central and Eastern European countries as well as those in the Western Balkans is indisputable. Nevertheless, major challenges remain ahead of the euro. The EU's economic and monetary union is just not yet complete, furthermore the euro is still not widely used not only outside Europe, but even within Europe for transactions in the energy and transport sectors. That is why the prospects to the euro are for even more intense development.

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