To phrase a coin
Article Abstract:
There are several good economic reasons to adopt a single European currency such as the establishment of a central bank to control inflation and more convenient trade relations. However, it is inevitable that individual nations will vy for political power which could create havoc in Europe.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1995
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Shooting the messengers: the market
Article Abstract:
The European Community's relaxation of the ERM rules allows for the currency of system members to fluctuate 15%, as opposed to the old rules of 2.25%. The Bundesbank's refusal to reduce its discount rate in the wake of the changes has caused resentment. Other results are analyzed.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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Europe's future: in their hands?
Article Abstract:
New exchange rate mechanism rules allow the currencies in the system to fluctuate by as much as 15%. The Bundesbank has refused to lower its discount rate. An economically and politically unified Europe is becoming more difficult to imagine. Franco-German relations are explored.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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