Countdown to EMU. (European economic and monetary union) (includes related article on EMU)

From: The Banker | Date: January 1, 1998| Author: Blanden, Michael | Copyright information

The European economy and monetary union (EMU) is scheduled to be enforced on Jan 1, 1999 with the European Central Bank headed by the UK. Countries that are most likely to be included in the first round will be Germany, France, Benelux, Austria, finland, Ireland, Italy, Spain and Portugal which were selected according to the following criteria: price stability, low long-term interest rates, exchange rate stability and a sustainable financial position. The use of the euro as a mean of exchange...

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