A decade ago you could not avoid the euro. Every conference organizer and bank was jumping on the events bandwagon in the run-up to the launch of the single currency on January 1 1999. However, as the single currency approaches its 10th year it is hard not to think that this fanfare was fully deserved. The single currency has not only survived, it has prospered. With the euro climbing to new records against the US dollar on an almost daily basis there are doubtless plenty of smug central bankers in Frankfurt.
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