However, for these demographic changes to provide upward push to economic growth, it needs to be accompanied by process of skill formation and employment opportunities. This would require larger investment in human capital formation and encouragement to entrepreneurial activities by creating conducing environment. Current performance of the education sector particularly in terms of quality leaves much scope for improvement.
The euro/dollar foreign exchange market is the largest in the world and around 40% of international debt securities issued over the past two years have been in euro. Thus, already after two years of EMU, the euro is already a widespread international currency, second only to the US dollar, and businesses and investors around the world need to take this into account.