Economic Affairs: The euro's unhappy birthday

The euro is akin to a house being built from the roof downwards, with its foundation still under construction

On New Year's Day yesterday, the single European currency, the euro, turned 20.

A week of celebrations are planned across the euro zone. But, looking back, there would seem to be little to celebrate, besides the chronological milestone. Large parts of the 19-nation euro zone are plagued with chronic problems.

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A version of this article appeared in the print edition of The Straits Times on January 02, 2019, with the headline 'The euro's unhappy birthday'. Print Edition | Subscribe