The EMU and euro a success, says commission

THE success of European Monetary Union (EMU) and the euro has produced a strong currency that will remain so in the future, according to the European Commission.

Celebrating the first decade of the EMU, the Commission has produced a report into the successes, failures and challenges ahead for the currency.

Their overall assessment was that it has been a resounding success, providing a stable international currency with a market of nearly 320 million people that has overtaken the US dollar in some areas, including the international bond market and the value of bills in circulation.