These developments create fresh opportunities to give the single market a new boost. For that to happen, it will be important for the government to keep up with the pace of digital transformation. Citizens and businesses also expect this in their dealings with public administration. Authorities should provide fully online information and services as far as possible.
The average euro area inflation rate over the first 20 years was 1.7% per year. The promise of stability was kept. Compared with the average loss of purchasing power of its legacy currencies like the Deutsche Mark or the French franc, the euro is even more of a stable currency.