Another factor underpinning the confidence of the European public in their new currency is the quality and integrity of euro banknotes and coins as well as the smoothness with which they were introduced. The “cash changeover” , by now almost three years ago, was a very complex operation involving an unprecedented logistical effort.
The Global Monitoring Report, 2007 found that in 19 low income countries, 1 percent of GDP growth was associated with a 1.3 percent fall in the rate of extreme poverty and a 0.9 percent fall in the $ poverty rate.