Bottomline. (European economic and monetary union) From: The Banker | Date: November 1, 1996 | COPYRIGHT 1996 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

The strong political will to create a monetary and economic union in Europe should make the move to a single currency an inevitability regardless of the differences in creative budgetary accounting being encountered by the players. However, German Chancellor Helmut Kohl should not push too hard to achieve unification because moving too fast too soon could only wreak extensive damage on the region. Participants should not ignore the political and economic realities to avoid a catastrophe.

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