Back in January 1999 the history of the Euro began with it’s first coming into existence. The euro debuted at 1.1747 US dollars. This higher worth than US dollars was a good sign to those hoping to the Euro to become the dominant world currency over the dollar.
Over the three-year period of 1999 through 2001, the citizens of euro countries were supposed to get used to the idea of the new money’s arrival, while government and business prepared to put it into circulation. It was hard for most currencies to give up their currencies
Stamps: On January 1, 2002 euro stamps were introduced along side the new currency.
Problems with the Euro:
USNews: Eurozone economic growth has been disappointing, about 2 percent a year, and productivity stagnant. Per capita income has remained flat, too. Moreover, the euro posted that so-so record during 10 years of global economic prosperity—something that’s rapidly coming to an end as the credit crunch continues to bite. “In the short term, it’s been quite a successful birthday party,” says Harold James, a professor of history and international affairs at Princeton University. “But in the medium to long term, there are real worries.”
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