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  • Casual Articles - The First Five Years of the Euro - A Positive Evaluation

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    and fell to about 82 dollar cents in 2000 (http://en.wikipedia.org/wiki/Euro). Yet now after five years the Euro has been increased in value ag
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    The relatively new European Currency -- The Euro -- has just passed its first five years’ lustrum. Five years for a new currency is not enough to elaborate a full evaluation because that would require a longer existence to analyze the development over a mayor economic cycle of about eleven years. Yet a concise evaluation shows anything but a negative outcome for the Euro.

    Those who remember the introduction of the currency will picture the depreciation of the euro against the dollar in early existence. The Euro got introduced (against the US Dollar) for $1.18 and fell to about 82 dollar cents in 2000 (http://en.wikipedia.org/wiki/Euro). Yet now after five years the Euro has been increased in value aga

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    to elaborate a full evaluation because that would require a longer existence to analyze the development over a mayor economic cycle of about eleven years. Yet a concise evaluation shows anything but a negative outcome for the Euro.

    Those who remember the introduction of the currency will picture the depreciation of the euro against the dollar in early existence. The Euro got introduced (against the US Dollar) for $1.18 and fell to about 82 dollar cents in 2000 (http://en.wikipedia.org/wiki/Euro). Yet now after five years the Euro has been increased in value ag

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    even years. Yet a concise evaluation shows anything but a negative outcome for the Euro.

    Those who remember the introduction of the currency will picture the depreciation of the euro against the dollar in early existence. The Euro got introduced (against the US Dollar) for $1.18 and fell to about 82 dollar cents in 2000 (http://en.wikipedia.org/wiki/Euro). Yet now after five years the Euro has been increased in value ag

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    ncy will picture the depreciation of the euro against the dollar in early existence. The Euro got introduced (against the US Dollar) for $1.18 and fell to about 82 dollar cents in 2000 (http://en.wikipedia.org/wiki/Euro). Yet now after five years the Euro has been increased in value ag
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    and fell to about 82 dollar cents in 2000 (http://en.wikipedia.org/wiki/Euro). Yet now after five years the Euro has been increased in value against the same dollar and is trading at about 1,30$.

    For the first time there are also more euros notes in circulation than dollars. (http://www.ft.com/cms/s/1bb2cbb2-9618-11db-9976-0000779e2340.html) But notes are only a small portion of the global financial flows and assets.

    In the financial world the Euro has shown its value as an extra reserve currency next to the Dollar and the Yen. This offers the financial world more choice in the case that one currency will face significant government deficits and depreciation. The former German Mark could not of

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