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By Prof. Dr. Bruno COLMANT, CFA, Member of the Royal Academy of Belgium
A few months ago, on January 1, 2024, we celebrated the quarter-century anniversary of the introduction of the euro, while the European elections in June 2024 signal the emergence of a new continental political order. But 2024 is also the anniversary of the German hyperinflation.
The European Union was created from the ashes of two wars, with the awareness of a choice for peace and cooperation. This led to a territorial expansion of the European Union, facilitated by the collapse of the Iron Curtain.
In the monetary domain, a single currency was a distant project. However, twenty years ago, on January 1, 2002, the euro appeared physically. From...
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