There are many issues that can be addressed concerning the consequences of the euro. In line with the focus of our session, I will concentrate on some key questions concerning the performance of the euro and its role in promoting growth. •  Has the euro performed well and met the expectations of the European public?
The more stable it is at home, the better its prospects on the international stage. Credibility is never easy. In the normal course, it is built on a good track record. One obvious measure of credibility for a currency is long-term interest rates. In this respect the euro is faring well.