Euro woes: No joy for 10-year-old currency

RT, 02.01.2012

Quotes

Link to original article


2012 marks 10 years since Europeans first held euro notes and coins in their hands. But prospects are grim for Europe's single currency in the New Year, as the region's leaders warn of tough sacrifices in this "most severe test in decades".

With recession looming, the sense of optimism that greeted the united currency at its inception seems to have evaporated. […]

Yet 10 years down the road, the euro is not in the best of shape: a spiraling sovereign debt crisis, credit downgrades, rising interest rates, tens of millions unemployed, budget cuts, and violent protests.

“The euro is undergoing the worst crisis it has ever been in and obviously the founders of the euro did not hope that this would happen,” economist Janis Emmanouilidis explained to RT. […]

In the spirit of the New Year, RT’s Tesa Arcilla asked for some predictions.

“One can be sure of is that this crisis is going to be a long and bumpy road. However if you would ask me, do you think that the euro would still exist in 10 years’ time, my answer will be yes,” believes economist Janis Emmanouilidis. […]

For the entire article see here.


Latest media contributions

En quête d’une « nouvelle réalité » : quels défis pour la cohésion européenne post-crise?
Quotes, EURACTIV (FR), 19.02.2021

European cohesion through the pandemic: The state of play one year into COVID-19
Online Event, YouTube, 18.02.2021

Experten sehen von der Leyen angeschlagen - aber nicht abgeschrieben
Quotes, Die Presse (AT), 09.02.2021

EPC Update – European Health Union & EU-UK relations
Online Briefing, YouTube, 05.02.2021

L’Europe s’essouffle dans la course aux vaccins, la stratégie de vaccination pointée du doigt
Quotes, La Libre (BE), 02.02.2021

European Populists Who Looked to Trump Now Look Away
Quotes, The New York Times, 13.01.2021

EPC Update – State of the Union & challenges for 2021
Online Briefing, YouTube, 08.01.2021

Alemania al mando del Consejo Europeo: logros y fracasos
Quotes, Deutsche Welle (Spanish), 15.12.2020

Taking Stock of the German EU Council Presidency and Identifying Challenges for 2021
Online DGAP-EPC Event, YouTube, 15.12.2020

Jokes About Hungarian ‘Dictator’ Masked Breach at Heart of EU
Quotes, Bloomberg, 10.12.2020


Media