Annual report - 2010

Annual report

In 2010 the eurozone descended into a crisis that is likely to continue for a long time. Despite the single currency’s problems, I remain convinced that it is, in principle, a good idea. The euro reinforces the single market and enhances economic efficiency. It has succeeded in boosting trade, cross-border investment and the integration of capital markets within the eurozone. Handled in the right way, the euro will lead to more political cohesion among the member-states.

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