However, the truth is that, today, three out of four people in the euro area support the euro – the broadest support since its creation. [3] See European Commission (2018), “Eurobarometer: Support for the euro steady at all-time high levels”, 20 November. One should never underestimate the resilience and strength of Europe’s monetary union project.
Today I would like to focus on a different aspect, however: the external dimension of the euro – that is, its international role. For some Europeans, external factors have always formed part of the case for the single currency.