FUTURE PROSPECTS OF THE EURO CURRENCY: ANALYZING ECONOMIC STABILITY AND INTEGRATION CHALLENGES

Abstract

The Euro, introduced in 1999, serves as the common currency for 20 of the 27 European Union (EU) member states. This paper examines the future prospects of the Euro, focusing on its role in economic stability, integration challenges, and adaptation to global financial shifts. By analyzing economic indicators, policy developments, and integration challenges, this study offers a comprehensive assessment of the Euro’s potential trajectory. It also evaluates the impact of recent EU economic policies and global trends on the Euro’s stability and sustainability. The paper concludes with recommendations for future research and policy adjustments to enhance the Euro's resilience and effectiveness.