The upcoming introduction of the euro

Euro is more than just a currency -- [it is] without doubt the greatest achievement of European integration, a symbol of stability and unity. The introduction of euro notes and coins on January 1 will be a momentous occasion. Fears of counterfeiting are real but should not be exaggerated. With its state-of-the-art security features, the euro banknote is far more sophisticated than the U.S. dollar bill. The bank has devised its own slogan of 'Look, Feel, Tilt' as a reminder of the notes' security strips, raised lettering and fancy holograms. Its practical approach is reassuring. The euro is clearly about more than just money. But the public also needs to be assured that this is a normal currency. With its quarter-point interest rate cut on Thursday, the ECB helped matters by showing that it was a forward-looking central bank prepared to loosen monetary policy when price stability is not at risk. That should help to increase Europeans' confidence in the single currency just as they prepare to take a leap of faith.