Panicked about the euro? Not the Europeans I talk to.

British newspapers and politicians have been predicting the imminent demise of the euro for months, but I don’t sense panic among the people who use it in their daily lives.

Travelling on the continent over the past month, I asked a German businessman, a Spanish tourist resort manager, some Italian cultural officials and a group of Slovenian professionals whether they feared the currency they used could collapse. All replied firmly they expected no such thing. They found the question surprising.

Of course it is hard really to believe the promises printed on the banknotes of any currency. However the currency remains viable if people at least behave as if the promises were trustworthy. For that reason, I believe the euro is in no real danger.

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