A one-euro note against inflation

The Spanish daily La Vanguardia puts forward arguments in favour of the introduction of a one-euro note: "The French parliament's financial commission ... has expressed the view that banknotes would create a more appropriate image of the value of a euro in the minds of Europeans than coins, which tend to be associated with worthless small change. This would make Europeans more conscious of the impact of small purchases and therefore have the effect of limiting inflation to some extent. And because you cannot exchange coins, the notes - like the one-dollar notes - would make it possible to exchange small amounts of money into foreign currencies when abroad. The European financial authorities initially rejected the idea of one-euro notes because of the high costs it would incur (six cents per note). But experiences with the euro and its enormous strength - it currently sells for 1.55 US dollars - are now forcing them to reconsider this decision."

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