Why is the formation and use of the euro considered to be of such a great accomplishment?

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Why is the formation and use of the euro considered to be of such a great accomplishment? Was it really needed? Has it been successful?
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Multinational Business Finance

ISBN: 978-0133879872

14th edition

Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett

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