Given the structural deficiencies that weaken the EMU and consequently the international status of the Euro, it is unlikely that the Euro will rival the Dollar, at least in the short term.
Since the 1990s, the European Union has achieved various successes. A key example is the enlargement to include a large number of Central and Eastern European countries. During this time, the EU has also experienced some failures, such as in the case of energy relations with Russia.
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