FRANKFURT, Germany --- The euro is about to celebrate its 20th birthday, but the countries that use it are still wrestling with how the shared currency should work and how to fix flaws exposed by the debt crisis that marred its second decade. The euro was launched on Jan. 1, 1999, when 10 countries fixed their exchange rates to it and handed decisions on interest rates to the newly-founded European Central Bank. Euro notes and coins went into circulation three years later. The shared currency was seen as a solution to the constant quarrels over exchange rates that had marked European politics after World War II and as a logical extension of the European Union's tariff-free trad...
Keep on reading: Euro currency remains a work in progress on 20th birthday
from INQUIRER.net http://bit.ly/2SnOjDd
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