POLL REVEALS EUROPEANS SEE EURO PASSING DOLLAR AS WORLD CURRENCY

The striking display of faith in the euro, revealed in a FT/Harris poll published today, follows recent rises in its value, which have brought it close to parity with the pound.

On a trade-weighted basis, the euro hit a record high earlier this month, raising fears about the impact on struggling exporters, although it has weakened since.

The survey showed that Europeans would welcome a further expansion of the eurozone beyond its current 15 members – but highlighted rumbling fears among consumers that the euro has fuelled inflation, which they believe the European Central Bank has failed to control effectively over the past decade.

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