填空题 The euro was established 10 years ago. On its 10th anniversary, we"re in the midst of 1 . You may ask. Has the euro, which was controversial when it was established, helped Europe and the world 2 ?
That"s a really good question, because the euro as you say was not only controversial, it was 3 . The idea of a bunch of countries getting together, pooling their sovereignty to 4 rather than having a currency imposed when they get conquered or something, was very new and still 5 elsewhere.
The short answer is yes. For the euro"s own members and for the system of the world as a whole, the euro has been a good thing and 6 . Countries in the eurozone, particularly countries like Greece, Italy and Portugal, which would have seen 7 shoot through the roof and capital flee out of them, have had very little of that as 8 . Their interest rates have 9 but nothing like they would have if these countries 10 . By the same token, 11 —Germany, France, and so on—are suffering less from 12 of their neighbor countries and their closest trading partners because 13 .
On a global perspective, it"s a little less of 14 . There has certainly been no harm from the euro, and it has been 15 . It probably helps maintain a general sense of 16 in the world. The reason I"m just being a little bit hesitant, and this is the theme of our new book, is that we feel the euro could 17 , both regionally to help those European countries outside the euro area, particularly in crisis 18 , and globally in terms of backing up and in some ways partnering or even 19 in global leadership. That"s where we feel 20 .