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Euro 20 years old, the future is full of challenges

2019-01-10

On January 1, 2019, the euro ushered in "20 years old." The 20-year development of the Euro has survived the global financial turmoil and the European debt crisis and has become the world's second largest currency. However, with the rise of populism in Europe, the outlook for the euro zone will once again usher in new challenges.
The euro was born in the early hours of January 1, 1999, and the original euro was only used in the form of electronic transactions for the banking and financial markets. In 2002, euro banknotes and coins officially entered the life and market circulation of the people.
The young euro has just started on the road, and its exchange rate has encountered many challenges. The global financial turmoil in 2008 and the European debt crisis in 2009 made the status of the euro suffer a setback. In recent years, as the overall economy of the euro zone has rebounded, the status of the euro has gradually stabilized.
The European Central Bank said that among the 28 member states of the European Union, 19 members and more than 340 million people are using the euro, making it the world's second largest currency after the dollar.

Italy is the third largest economy in the Eurozone. In 2018, after the Italian populist government took office, it always stressed the need to get back the monetary and fiscal policies, and demanded a substantial increase in the amount of debt, which was once incompatible with the EU. Although the end of the compromise between the two sides, it is still difficult to deepen the integration of the euro zone. It seems that the euro really enters the "the age of thirty" and has a long way to go. The future will be full of challenges and opportunities.

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