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western civilization explain in 50 to 75 words one specific development in Europe since 1985 that...

western civilization

explain in 50 to 75 words one specific development in Europe since 1985 that exemplifies the unraveling of "the Postwar Order

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This is the development of “single currency”. It was adopted on 1st January, 1999. There are 15 member countries now; they do trade (import and/or export) between them by the use of same currency, called Euro. In the phase of postwar, the world economy faces declining trend since exchange rate fluctuates heavily. It is fully controlled and eliminated in the continent through the introduction of Euro.       

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