Euro: the common currency
Many may greet this statement with scepticism, especially at this time. The difficulties of the currency union are manifest. However, we should not reject the fundamental idea because of the momentary difficulties, since it involves much more than saving the exchange fees when we cross a border. Omissions were made in the implementation of the currency union that now cause suffering among Europeans, and there were failings, too – above all, the fact that the countries of the euro area did not keep to the rules they had set themselves. Like any therapy, the present regime for the euro’s recovery will be more painful than preventive measures would ever have been. Nevertheless, the efforts are worth it. With its single market, currency union, freedom of movement and shared values, the EU is creating a unique social interaction space for European citizens. The currency union is part of this idea, which is why, despite the current developments, countries like Poland and Bulgaria are not abandoning their wish to join the euro area.