The EMU backsliders.(European Union's economic amd monetary union)(Brief Article)

From: The Economist (US) | Date: March 23, 1996 | Copyright information

GERMANY'S doughty chancellor, Helmut Kohl, has again said that postponing the current deadline for the first wave of countries to join Europe's economic and monetary union (EMU) would be "catastrophic". The countries which meet the criteria laid out at Maastricht four years ago and which are poised to take the plunge will be selected in the spring of 1998.

In theory, the two central countries, France and Germany, are dead set on meeting the deadline. A "hard core" of six or ...

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