A single currency for a 'New Europe', binding together the continent's disparate nations into an economic powerhouse to rival the United States.

That was the vision for the euro.

The BBC's Tim Jones reports from Westminster on euro doubts following the ECB presidency row (2'16")

But the formal launch of the currency has been marred by a 'fudged' deal over who should be president of the new European Central Bank. And across Europe there are growing doubts about whether the new currency can live up to its promise.

Euro-enthusiasts stress the benefits for business. They say currency stability will bring new investment, new jobs and lower interest rates.

Euro sceptics say many member countries will find sticking to the financial conditions tough. They predict economic chaos and widespread impoverishment of Europe's people. Language difficulties and loss of sovereignty, they say, will only add to the pain.

Now that the euro is almost upon us, do you have concerns about giving up your national currency?

Britain, Denmark and Sweden have decided not to be part of the first wave of countries joining the European Monetary Union - they want to wait and see if it really works.

But once the euro is introduced, will these nations feel left behind?

What do you think?

Will the euro be good for Europe?

Business should be prepared for an initial rough ride...
Ian Binder, UK

Your reaction in full

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