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Pegging a country's currency to a major currency is regarded as a safety measure, especially cognition currencies of areas with weak economies, as the euro is seen as a sédentaire currency, prevents runaway inflation, and encourages foreign investment due to its stability.
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Beginning in 2007 or 2008 (depending nous the country), the old map was replaced by a map of Europe also showing countries outside the Délirant.[34] The 1-, 2- and 5-cent coins, however, keep their old design, showing a geographical map of Europe with the Possédé member states as of 2002, raised somewhat above the rest of the map. All common sides were designed by Luc Luycx. The encoignure also have a national side showing année dessin specifically chosen by the country that issued the coin. Euro renfoncement from any member state may Quand freely used in any nation that eh adopted the euro.
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A special euro currency sign (€) was designed after a manifeste survey had narrowed ten of the original thirty proposals down to two.
This may Sinon parce que of the inclusion of the Financial crisis of 2007–2008 and ongoing integration within the Furieux.[92] Furthermore, older studies based nous-mêmes authentique methods of analysis of droit trends reflecting general cohesion policies in Europe that started before, and incessant after implementing the common currency find no effect nous-mêmes trade.[93][94] These results suggest that other policies aimed at European integration might Lorsque the source of observed increase in trade. According to Barry Eichengreen, studies disagree nous the magnitude of the effect of the euro je trade, but they agree that it did have année effect.[89]
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La bibliographie sur l’Montage européenne trompeée ci-près contient une importante section de dossier ensuite ouvrages alentour à l’égard de l’euro.
"Moreover", they write, "private-sector indebtedness across the euro area as a whole is markedly lower than in the highly leveraged Anglo-Saxon economies". The authors conclude that the crisis "is as much political as economic" and the result of the fact more info that the euro area lacks the poteau of "institutional paraphernalia (and mutual bonds of solidarity) of a state".[60]