"The euro's main achievement is still being here, and it's very likely that it's here to stay," Constantine Fraser, European political research analyst at TS Lombard, told CNBC. "This slightly mad project of a supranational currency union with wildly different economies within it has lasted 20 years and brought these economies and countries closer together." Fraser said that the biggest impact the euro has made in the region is that "it has enormously raised the cost of backtracking on the European project."
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