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Half-truths over euro booklets

January 4th, 2013

According to The Sun (“Anger at schools’ pro-euro booklets, 4 January 2013), the capital of Belgium is accused once again of “brainwashing” kids (that’s children, not juvenile goats) by sending glossy brochures to schools which claim the euro has been a triumph …. despite three years of constant crisis.

The pamphlet in question – “Ten years of the euro: 10 success stories” – is not new and dates back to May 2008 and, incidentally, was not targeted at schoolchildren but produced for the general public to highlight the benefits of a single currency for Europe’s business community and consumers.

As with any of our publications, the brochure would have only been sent to schools upon request.  Whether or not schools choose to use these materials as part of a balanced curriculum, is surely a matter for trained teaching professionals.

We are open about the current economic problems which the EU and the eurozone are facing. But it’s perhaps worth adding, as The Sun chose not to include in their article, that fourteen years after its launch, and despite a difficult few years, the euro is basically strong and stable. The sovereign debt crisis put many countries under pressure, not only in the eurozone. Nonetheless, decisions taken since the start of the crisis are strengthening the euro’s ability to generate stability and growth for all 300 million Europeans using the single currency. It is the world’s second reserve currency after the dollar. It has boosted trade and investment across borders, while ensuring low inflation and more transparent pricing. Those who predict the euro’s collapse have been consistently proven wrong: instead, the eurozone has grown from 11 to 17 members, with more countries intent on joining in the coming years.

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Please note that all statements in all entries were correct on the date of publication given. However, older archived posts are not systematically updated in the light of later developments, for example changes to EU law.

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