10 years since the introduction of common currency

Euro happy birthday

Euro ended the year at the new minimum against the yen and the lowest level in 16 months against US dollar

Passes through a deep crisis

Unlike fireworks, lighting effects on bridges and cheering people in rows in front of ATMs, which marked the introduction of the euro at midnight the first January 2002. tenth anniversary of the common European currency passes without major ceremony, which indicates a deep crisis through which it passes.
Ten years later the word "euro" in the title usually goes with the word "crisis", so writes in a commentary in tajms list of New York (New York Times).
Political leaders are indicated in the New Year Message to the challenges faced in order to exit the economic crisis. In Brussels, there was no ceremony or press conference to mark the date. The approach followed by other countries to do the minimum - tomorrow will be the 17 countries that now use the euro out of the two-euro coin to mark the tenth anniversary.

In Frankfurt, European Central Bank on its website posted a short video to remind you of the benefits of the euro.
"During the past decade, the single currency has become a symbol of integration and cooperation in Europe," says the video is the President of the European Central Bank

Mr Mario Dragi.

"Despite the current challenges faced by Europe and world citizens in the euro zone can be assured that the ECB will remain faithful to its mandate to maintain price stability", has vowed to continue on.

Political leaders are indicated in the New Year Message to the challenges faced in order to exit the economic crisis. German Chancellor Angela Merkel is to assess the 2012 may be more difficult than the last difficult year that has passed the eurozone.

Starting from Greece two years ago, debt crisis has engulfed Portugal and Ireland, and now threatens all the countries in the eurozone although  plans for aid and European summits that have a one after one going on during the 2011

The first time is the question of survival of the common currency, according to AFP.

While it is expected that the government earlier this year en masse to seek additional funds in financial markets, Greece in January waiting for the difficult negotiations with the banks in order to reduce debts to them at half of which depends on the financial survivel of country.

Nearly two-thirds of French oppose the return of the franc, and the possible return of the coin would mean "hell" for Greece. Because of unwillingness from Germany "reached into her pocket," the eurozone has not been able to provide a sufficiently large pool of assistance witch could also help to more countries the size of Spain or Italy. The support of the IMF remains uncertain.

Europe is attempting to overcome the lapse that has existed in establishment monetary Union, which has been shown clearly in crisis, and that is lack of coordination of economic policy.

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Most European countries should in principle to sign an agreement in early March in the respect of certain fiscal rules.

Euro ended the year at the new minimum against the yen and the lowest level in 16 months against the dollar, although it is well above the value it had in relation to U.S. currency when it was introduced.

And despite all that almost two thirds of French oppose the return of the franc, and the possible return of the coin would mean "hell" for Greece, warned the governor of the Greece central bank Jorgos Provopulos.

13 billion marks another is still not change in Euro

On the tenth anniversary of the introduction of the euro, according to the German central bank, is still not changed another 13 billion marks.

Around 330 million people in 17 countries in the eurozone for the Jubilee will get a sort of gift - anniversary dime of two euro First of January 2002. In Germany and another 10 countries of the European Union has entered into use the common European currency - the euro. Ten years later, the euro zone has 17 states and seven countries of the EU plans to replace the national currency, the euro.

The circulation of 880 million euros, approximately 857 billion are paper money, 23 billion coins. Nearly 30 percent of the total amount of coins is in the German national coins, by about 16 percent of Spanish and French and 13 percent Italian.At least in circulation Slovenian, Estonian and Maltese euro coins, as well as those issued in San Marino (0.01 percent), Monaco (0.006) and the Vatican (0.004).

Around 330 million people in 17 countries in the eurozone for the Jubilee will get a sort of gift - anniversary dime of two euros with the same motives for all countries - differ only country name on the back.