FYI: Mario Draghi, president of the European Central Bank, once likened the euro to a bumblebee—a “mystery of nature” that shouldn’t be able to fly, but somehow does.
Draghi used this metaphor at the height of the tumultuous Greek debt crisis in 2012, when many wondered if the demise of Europe’s single currency was imminent.
Now, two decades after its birth, the euro has taken flight and, by some measures, has even soared. Membership has grown to 19 countries from the original 11, and the size of the euro-area economy has swelled by 72 percent to 11.2 trillion euros ($12.8 trillion), second only to that of the U.S. and positioning the European Union as a global force to be reckoned with.
Regards,
Ted
https://www.bloomberg.com/graphics/2018-euro-at-20/
