Changes

Initially the value of the euro fell on the exchange markets, while many expected it to do the opposite. However it has strengthened in the years since, partly due to the falling value of the dollar. The ECB is charged with maintaining the inflation rate in the Eurozone between 0 and 2%.

Initially the value of the euro fell on the exchange markets, while many expected it to do the opposite. However it has strengthened in the years since, partly due to the falling value of the dollar. The ECB is charged with maintaining the inflation rate in the Eurozone between 0 and 2%.

By the end of 2006, after about five years of the euro, a French magazine Le Pèlerin reported that 52% of the French feel that the euro is a "bad thing", blaming it for price hikes and job losses. 71% of French [[blue-collar workers]] said that euro has hurt them personally. <ref>[http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/12/28/cneuro28.xml  French hostility to euro begins to gather pace], The Telegraph, 27 December, 2006</ref>.

By the end of 2006, after about five years of the euro, a French magazine Le Pèlerin reported that 52% of the French feel that the euro is a "bad thing", blaming it for price hikes and job losses. 71% of French [[blue-collar workers]] said that euro has hurt them personally.<ref>[http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/12/28/cneuro28.xml  French hostility to euro begins to gather pace], The Telegraph, 27 December, 2006</ref>

As of April 2008, the euro is worth approximately [[US]]$1.56 and GB£0.51.<ref>http://www.xe.com/</ref>

As of January 2012, the euro is worth approximately [[US]]$1.27 and GB£0.82.<ref>http://www.xe.com/</ref>

==References==

==References==