The purpose of this article is to study the usage of the Euro as a currency of government bonds in the euro area. This currency has joined the group of international currencies gaining confidence and encouraging further growth in demand for assets denominated in it. This is important due to the large scale use of this money by Eurozone governments to systematically cover the growing financial needs. It was foreseen already before year 2000, when many authors have expressed the belief that the Euro will affect the nature of the financial needs of investors (and thus the functioning of markets) and it will increase the bond issuance and the market turnover.