After hearing the debates by critics and supporters of the euro you may have your own opinions about it, but the truth of the matter is, the euro has secured its place in Europe's economy. It is and will continue to be the fire of the globalization era. The euro's life began even before it was in full circulation. Notes and coins did not have to be in circulation until almost a year after they were introduced. This grace period assisted both citizens and institutions in adopting the new way of life at their desired speed.
Unrushed adoption means willing and enthusiastic users, and slowly loyal users have emerged.
If this whole process sounds familiar to anyone, that is because we, the US, went through a similar transformation in our history. Yeah we all read about it in junior high, but the gold standard has not always been agreed on and accepted. It is not just a walk in the park changing the minds of a country when their savings and possessions are on the line. We have pulled through since those hard times and it looks as if the euro too has fended off the worst of it. The euro is now flourishing due to globalization in the 21st century.