The Euro and its Effects

Since World War II, Europe has been moving toward integration. With the creation of the euro, they have made a giant step toward uniting Europe for good. The euro will have immediate benefits. People traveling or simply shopping among participating European nations will immediately benefit from being able to compare prices for similar goods without needing a calculator. Not only will the exchange rate become irrelevant, but the costs of converting between currencies will also …

…turbulence, but with sound policies and a willingness to work through any future problems, EU can ultimately prosper. The euro has caused a new financial optimism in Europe and around the world. If the EU can integrate its member nations' financial policies, the euro will be second only to the dollar. Time, ultimately, will show the outcome of all the work put into ensuring the continued health of the euro and the EU member nations.