In so doing, this policy will enable producers and consumers, employers and employees to proceed with full confidence that one aspect of an otherwise unknowable future is predictable: namely, the rate of price inflation, or its mathematical inverse, the purchasing power of money.
In 2002, the share of the euro in the settlement and invoicing of global exports of individual euro area countries to countries outside the euro area has risen to between 40% and 58%. Moreover, the euro has been well-received in the financial markets. In particular, a significant European corporate bond market has emerged.