"Our membership of the euro is a guarantee of monetary stability and creates the right conditions for sustainable growth. Our membership of the euro is the only choice"

Lucas Papademos is recommending that the euro is the only sensible alternative for economic stability and also growth. He believes that by belonging to the euro, it supplies an assurance of monetary stability as well as produces the ideal problems for lasting growth. This is since the euro is a single money shared by 19 nations in the European Union, which permits better financial assimilation and stability. The euro likewise gives a more stable exchange rate, which aids to reduce the danger of inflation as well as money changes. Additionally, the euro is a widely accepted money, which makes it less complicated for services to trade and also spend across borders. For that reason, Papademos is suggesting that the euro is the only option for economic security and growth.