Euro
Journal: Papers from the International Scientific Conference of the European Studies Department Jean Monnet Centre of Excellence Faculty of Philosophy at Sofia University “St Kliment Ohridski”
Year: 2025

Last year the Euro turned 25. In this work, we discuss future opportunities and challenges for the use of the euro at three levels. First, taking stock from the Euro Area (EA) achievements in the global rivalry, we summarize the euro’s international role and its potential to replace the American dollar as the currency of choice. Second, the paper highlights controversy between the catalytic role of the euro for further economic integration in Europe in an environment of global market and politic