EURO is the currency of eurozone and the second most important representative in the world monetary system. EURO is the official means of payment in 17 of the 27 member states of the European Union and in other 6 countries expect EU. The start of validity of exchange form was on the 1st January 1999 whereas the currencies form was introduce into the circulation on the 1st January 2002.
Firstly, when started European coutries accepted Euro was around common currency big shadow. Optimism and on the other side pessimism and views on them are still diversed. The crisis left on euro reputation unwelcome harms. The Most of Europeans are calling for the return to the national currency.
The loudest discussion is in Germany, where, by the way, was euro never popular. Immediately after its introduction was euro uncomplimentary call “teuro”, which is derivated from German term teuer, which means expensive. But views of residents could be different as is the reality. Because in the real some prices of everyday consumer products increased, but the most of them decreased and after the euro introduction is the inflation even lower then in time German mark. But if we look in policy we will find definitely different opinion. No member of the Government haven´t even mentioned the possibility of canceling the euro. And so between the high-level managers we won´t find many opponents of the common currency.
Even among the French is the euro unpopular. “The main problem of our country is called the euro,”declares the Marine Le Pen, elected as the President of the National Front, spoken of as a strong rival Nicolas Sarkozy in the presidential election 2012. According to her is the move production outside France incurred the strong course of euro. And the French are paying billions in extra payments for other members of the monetary union.
Unlike Germany, the Austrians are for the euro. According to a survey for the daily Standard want 66 percent of the people maintain the current currency and only 31 percent prefer the return to the shilling.
Also in Ireland calls for the abolition euro only some few. In spite of the Irish people complain about the harsh conditions of the rescue package, the most people are realizing that without that would have be worse.
In the Spain is none nostalgia after old currency too. “Because even today has Europe only limited power and we would become meaningless without the euro, “said the position former Finance Minister Pedro Solbes.
In the end of those summary about the youngest member Estonia, which enter in european zone on the 1st January 2011. In the time when the expectations wasn´t so good. For all that the adoption of the euro support at the end of last year most of the Estonians. “We are simply too small for us to have an independent monetary policy, “said Finance Minister Jürgen Ligi.
So it is euro really such a big disadvantage as the most resident mean?