Europe’s big test: why the euro will not help

Commentary feature by the President of the Czech Republic on the 10th anniversary of the European Central Bank and the process leading to the single currency. he questins whether the system has been tested and concludes: 'Ten years after its founding, the ECB faces stronger pressures than ever. In practice the euro has shown that forcing an economically disparate Europe into a homogeneous entity through a political decision is political engineering par excellence and has been far from beneficial for all the countries'.