In particular, the Euro has gained the same level of monetary stability and confidence as the most stable of its prerunner currencies: The average inflation from 1999 to 2006 in the euro-area was 2.05 %, only slightly above our definition of price stability.
This is below the long-run average inflation rate of the Deutsche Mark, which was 2.8 %, although this higher figure is partly owed to the more difficult international environment for example in the 1970s. Moreover and in addition to price stability, the Euro plays an important role as an international currency and in the international trade. Today, it’s second only to the USD.