While the cash changeover represented the concluding act of the move to the single currency, many of the benefits of the euro materialized even before joining EMU. The successful cash changeover, which marks a further move towards successful integration with EU partner countries, will reinforce these positive effects.
Sound economic fundamentals Thanks to the successful nominal convergence process in the second half of the 1990s, which was a condition for joining EMU, Greece can now count on sound economic fundamentals and macroeconomic stability.