So now the Euros have euros. While I'm not unconditionally thrilled that a weird economic-control centralization is riding along with the currency unification, I suppose it's all better than paying usurous exchange fees.
Pity, tho, about the name, "euro". Sounds bland and lame. I rather liked the first-draft of the name: "ecu". It sounded simultaneously old and new. Old because in Þe Olden Times, there was a French coin called the écu, from Latin "scutum", meaning "shield", supposedly as there was a fleur-de-lis shield pictured on one face; and new because it's a letterword for the very plastic-fantastic moderne-sounding "European Currency Unit". But no, "euro" won; yet another case of insipidity being adopted under the name of compromise.
Personally, I would have suggested
the French name for the currency be "franc", the German name for the currency
be "mark", and so on; and then this 2002-01-01 thing would just be a matter of revaluation
(and unification), like when Charles De Gaul
(AKA the French government) decreed that on 1960-01-01, one hundred francs would
into one "new franc".
But idea is a bit too Zen for Yurp, I guess.