The Limited Times

Now you can see non-English news...

The euro, a currency that has protected not without difficulty

2021-12-28T18:51:55.278Z


DECRYPTION - Accused of having inflated prices, of having destroyed the competitiveness of French companies, during 20 turbulent years, the euro has played a protective role, even if it has not benefited everyone from the same way.


● Beneficial stability for consumers and businesses

To discover

  • The 2021 Christmas bonus will be paid from December 15

The main consumer concern at the start of the euro was inflation. Many French people feared a surge in labels during the transition, with rounding. One euro was worth 6.55957 francs. Five esoteric digits after the decimal point that many of our compatriots had learned by heart. Some prices have indeed climbed, such as the little black at the counter. Others were rounded down.

Le Figaro

, for example, celebrated the euro in its own way, going from 7 francs (1.07 euro) to 1 euro all round on January 1, 2002. The idea of ​​a general rise in prices from the start of the euro cash remains anchored in people's minds 20 years later.

"There was a psychological effect for the consumer, but there was no major inflationary shock at all"

, corrects economist Jean Pisani-Ferry, professor at Sciences Po. The increase was more marked in services, but independently of the euro…

This article is for subscribers only.

You have 89% left to discover.

To cultivate one's freedom is to cultivate one's curiosity.

Continue reading your article for € 1 the first month

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All news articles on 2021-12-28

You may like

News/Politics 2024-02-26T12:53:20.041Z
Life/Entertain 2024-02-22T07:12:25.018Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.