Economics
Euro Is Here to Stay as Brexit Serves as Warning to Defectors
- Currency area needs to continue reforms to ensure survival
- Costs of leaving the euro would deter members from exit
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The euro will live for at least another two decades after financial crises since the start forced governments to strengthen its foundations, according to economists surveyed by Bloomberg.
But as the currency celebrates its 20th birthday this year, most respondents warn against complacency -- particularly after populist political campaigns across the region publicly toyed with the idea of exiting the bloc.