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What are the advantages of the euro for you?
Stability and prosperity
Like most people, you probably wish that you were financially safe - that you had a good job that provided you and your family with a livelihood. By keeping prices stable, we as the central bank contribute to economic growth and thus to job creation. Ensuring price stability is our main task. It creates the basis for prosperity and an economically stable future in which to make plans. In everyday life, stable prices mean that your money will retain its value in the future and that companies can invest and expand. You can be sure that one euro will still be worth one euro tomorrow.
Together we are stronger
We Europeans are a community of people from different cultures and with similar values. Together we want to preserve peace, democracy and freedom. We also want to increase our economic prosperity and make our voice heard more internationally.
By forming the world's largest trading bloc together and creating the European internal market, we will come a little closer to these goals. The euro has advanced European integration, because it is thanks to it that the advantages of the internal market are really noticeable for the people in the euro area.
The euro banknotes and coins in our wallet are a tangible symbol of European unity. The euro makes us feel connected and reminds us every day that we have already achieved a lot.
A lot is easier with the euro
With it you can pay in 19 European countries without having to exchange money or pay exchange fees. The euro not only makes traveling to countries in the euro area more convenient and cheaper, it also simplifies other aspects of life. For example, thanks to him, it is easier to study, work or live in another euro area country. With the euro, consumers in the euro area can directly compare prices in the different countries of the common currency area and pay for purchases across borders. In addition, companies now need to worry less about exchange rates.
In the last 20 years since the introduction of the euro, prices in the euro area have remained stable.
Since January 1, 1999, the inflation rate in the euro area has averaged 1.7%. It is thus below the average inflation rate that was recorded in today's euro area countries before the common currency, in the 1970s, 1980s and 1990s.
Because we are united, our prosperity has grown.
The gross domestic product (GDP) per capita of the population living in the EU would probably be a fifth lower today if no integration had taken place since World War II.
The euro area is one of the largest and most powerful economic areas in the world.
In terms of GDP per capita, it ranks second among the world's leading economies.
The euro is one of the most important currencies in the world.
About the same number of foreign payments are made in euros as in US dollars. When it comes to borrowing and lending, the euro is the second most popular currency.
There is broad popular support for the euro.
According to the latest Eurobarometer survey, three out of four people in the euro area are behind the euro. That is the highest value since 2004.
There has been peace in the EU for more than 70 years.
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