How the euro will thrive in spite of the war in Ukraine
Europe is facing a time of great challenge and uncertainty, with soaring energy prices driving inflation to record highs. The economic test is great. In the midst of this, the euro is our most tangible demonstration of European strength and unity.
During the 20 years of the euro’s existence we have faced a financial crisis, a sovereign-debt crisis, Brexit and the covid-19 pandemic. At each point the foundations and architecture of the currency have been strengthened. President Vladimir Putin’s war against Ukraine, and his energy war against the West, will be another crisis from which the euro area will emerge stronger and more united.… Seguir leyendo »