Europeans See Euro As Overtaking Dollar: FT Poll
The euro could overtake the dollar in global importance in the next five years, a large majority of continental Europeans believe, according to a poll days before Europe's monetary union reaches its 10th birthday.
The striking display of faith in the euro, revealed in an FT/Harris poll published on Monday, follows recent rises in the currency's value that have brought it close to parity with the pound.
On a trade-weighted basis the euro hit a record high this month, raising fears about the impact on struggling exporters, although it has weakened since.
The survey showed that Europeans would welcome a further expansion of the eurozone beyond its 15 members, but highlighted fears among consumers that the euro has fuelled inflation - which they believe the European Central Bank has failed to control effectively.





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Financial Times | Ralph Atkins | December 29, 2008 07:34 AM