Economists hail euro a stunning success

Economists at a Washington conference on Thursday 26 February, marking the fifth anniversary of the launch of the euro single currency, praised the new currency as a stunning success.

Fred Bergsten, the head of Washington's Institute for International Economics, applauds the euro as a spectacular success. Addressing the day-long conference, Mr Bergsten identified low inflation in inflation-prone economies like Italy and the efficiency of a single euro zone interest rate well below the levels t