Question

How well does the euro zone meet the requirements for a successful common currency area? Compare how well the euro zone meets these criteria compared to how well the U.S. meets the criteria.

Answer 1

Eurozone presently has 19 members out of 28 union members. And euro has been accepted as the common currency among members country not only that and it is second most reserved currency in the international trade.

The single monetary currency system lead to the economy benefited to the members' countries the consumers, investors are benefited due to the low price and capital movement low-interest rate and uniform rate of interest rate. The euro currency held these members countries to become economically strong.

US dollar another powerfull reserved currency in dominating in international trade when compared to euro the relative economic strength of the US economy in international trade is powerful many countries keep US dollar as reserve currency and widely accepted by another country in the international trade.