This week marks the 20th anniversary of the start of EMU--the European Economic and Monetary Union.
Although the physical currency was not introduced for a further three years, the whole basis on which Irish and indeed European economic and monetary management operates, changed profoundly on January 1 in 1999.
The ECB took control of interest rate setting for the 12 countries that formed the initial club. Currency devaluation disappeared as a tool of economic policymaking.
Not a member yet? Register here