The single currency. (European Union's Economic Monetary Union)(includes related article on the euro)(The State of the Union)

From: Europe | Date: November 1, 1996| Author: | Copyright information

The launching of the euro, European Union's single currency, on January 1, 1999 is expected to affect the economic policies of both member and non-member economies in the region. Countries who are planning to join the monetary union have drastically reduced their spending to comply with the budget deficit requirements. Switzerland, a non-EU country, plans to peg its currency to the euro.

Europe is on target to launch its planned single currency, the euro, on January 1, 1999, as its leaders redouble their efforts to crown the continent's most momentous achievement since the beginning of the ...

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