Expansion across national borders of important financial markets, such as equity trading and securities lending, is apparently being restrained by difficult negotiations over regulatory and legal differences. A resolution of these differences would add to the attractiveness and stature of the euro in the international arena.
Many of the concerns about the euro, however, have little to do with the euro itself but pertain to certain European economic conditions that have affected the value of the currency. Following its inception, the euro, contrary to expectations, declined significantly against the dollar.