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Calviño highlights the euro as a “factor of growth and well-being”

The euro has been shown to be «a factor of growth , prosperity and well-being for the population ». This is the conclusion drawn by the First Vice President and Minister of Economy, Nadia Calviño , after 20 years of circulation of the single currency.

When taking stock of what the euro has meant, which entered the lives of Spaniards on January 1, 2002, Calviño highlights that it has become «In one of the symbols of the European Union (EU), in a sign of shared prosperity and common European identity ».

Spain« is a Very pro-European country and citizens are “very aware of the importance of having the single currency; facilitates trade and tourism ; and provides security and stability to companies , citizens and states members of the euro zone. '

The common currency, he adds, has been revealed as «an element of strength to be able to face financial crises ». After 2008, from which many lessons were drawn, the way out of the crisis caused by the coronavirus pandemic is being very different, Calviño has insisted on many occasions. In fact, Spain has emerged as one of the most benefited by the first experiment of debt mutualisation of the euro zone through the European fund ' Next Generation '. Of this, the country has 140,000 million until 2026 , of which 69,000 million are lost funds.

10,000 million

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Calviño admits that the launch of the euro was “exciting” and « a huge challenge for Spaniards “, especially for people older, accustomed to the use of pesetas. But “it was a great success”, thanks to a “ well-managed logistics operation ”And, above all,“ to the trust that was among the citizens with merchants, companies and the rest of the countries where the single currency entered. ”

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