20 years of the euro

20 years of the euro

Born of the much-maligned Maastricht Treaty, the single currency is the end result of two different schools of European economic thought being fused together with some very fuzzy language

Broadly, the euro has had four main phases. Its beginning and adjustment (1999-2003), then the conduct of monetary policy until the financial crisis (2003-2007), then the global financial crisis and the great recession (2008-2013), and the current phase of ultra-low inflation and quantitative easing (2014-today).

The Maastricht Treaty, signed in 1992, gives the legal framework for the euro, the conditions required to join the euro, and introduced the stability mechanisms and rules designed to keep...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription


For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription


For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription


For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post