Furthermore, it was launched at too high a level at the outset, precisely because it was evaluated in relation to the existing rates for genuine national currencies, even though it has none of their intrinsic qualities.
Endvidere blev kursen på euroen fra første færd sat for højt, fordi man værdisatte den på baggrund af kursen på de enkelte nationale valutaer. Euroen mangler imidlertid disses iboende værdier.