"I HAVE ALWAYS AVOIDED WRITING ABOUT SOME SUBJECTS — despite their importance — because they seem technical and irrelevant to Americans. One of these has been Europe’s plans to create a single currency (the Euro) by 1999. It’s a lunatic idea but, to be honest, one that I thought would collapse of its own stupidity. Unfortunately, it hasn’t, and so here goes. I write about it now not because it’s bad for Europe (an old notion) but because it may also be bad for the United States and everyone else."
— Robert J. Samuelson Newsweek January 13, 1997