Decision time for European Monetary Union. (plans of European governments to have economic and monetary union)

From: Economic Review (Atlanta, Ga.) | Date: May 1, 1997| Author: Whitt, Joseph A., Jr. | Copyright information

This situation may change dramatically in the next

few years. If the plans of European governments for

economic and monetary union (EMU) are realized, within

five years a new common currency called the euro win

replace the money currently in use in at least a few western

European countries. A traveler going to Paris, Amsterdam,

Berlin, and Rome might be able to use euros in all four

places.

Even earlier, s...

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