The euro’s progress: macroeconomic consequences of a single currency Available to Purchase

Puts the decline of the euro’s value following its introduction down to rapid US economic growth and the expansionary policies of the European Central Bank. Contrasts popular UK opposition to joining the euro with business pressure to do so, and suggests that the five stated conditions for entry have almost been met. Looks at economic conditions in other European countries and compares growth rates, unemployment, inflation and capital movements in the UK, USA and the eurozone. Outlines some views on the likely future of the euro and its effects on other currencies; and concludes that the macroeconomy of the eurozone “will bear continued watching”.