With regard to Europe and the euro, this means that the countries participating in the European monetary union have greater opportunities for growth now that they have a single currency than they did before on their own.
BIS Review 35/2000  2  The euro has, in fact, created a large monetary and economic area with a considerable purchasing power which is exceeded only by that of the United States. Altogether, the 11 countries of the euro area account for around 15½% of global GDP.