How the Euro Divided Europe
When eurozone finance ministers recently issued a joint paean to the single currency on the occasion of the twentieth anniversary of the introduction of euro banknotes and coins, something remarkable happened: Nothing. No one joined in the celebrations, and no one cared enough to dissent.
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ATHENS – Twenty years ago this month, Europe’s common currency became a tangible reality with the introduction of euro banknotes and coins. To mark the occasion, eurozone finance ministers issued a joint statement that called the currency “one of the most tangible achievements of European integration.” In fact, the euro did nothing to promote European integration. Quite the contrary.