![The euro and prices The euro and prices](https://www.cer.eu/sites/default/files/styles/spotlight/public/images/spotlight/publication/euro_flag_sl-1341841219.jpg?itok=Y1vAPaLA)
The euro and prices
By most measures, the euro’s first year been a success. Doomsayers had predicted that the currency changeover would cause mayhem on European highstreets, long queues in front of cash machines and a wave of crime and forgery. In the event, the participating countries adapted to the new currency quickly and smoothly. There were remarkably few technical glitches and not a single big euro disaster. Travel on the continent, meanwhile, has become a great deal easier, and there is some evidence that the euro is boosting cross-border business.