The New Economy: Facts and Fictions There is much talk of a new economy, but what aspects of the macro economy are really different from what we have always known? Should We Care About the Euro? The creation of Europe's single currency is a watershed event in international finance and economics. The crucial test of the Euro's success is not the willingness of nations to give up their own brand of currency, but rather their willingness to abide by a common monetary policy. This article explores the tradeoffs inherent in that decision.