We benefit on a daily basis from the single currency, and this is also true during the crisis. Allow me very briefly to run through the facts again. BIS central bankers’ speeches  1  The euro is a stable currency. Over the period since the introduction of the single currency, the average inflation rate in the euro area has been 2%.
2  BIS central bankers’ speeches  Indeed, the more challenging external environment for African countries occurs at a time when these countries’ external and budget balances have been deteriorating. The IMF forecasts that, in 2016, 30 of the 45 sub-Saharan countries will have a current-account deficit in excess of 5,0 per cent of GDP.