Emu turns turkey
Article Abstract:
Obstacles have arisen that could affect European monetary union (Emu). A Socialist government has been elected in France which aims to impose conditions on Emu such as membership for Italy and Spain. Meanwhile the Bundesbank opposes a German government plan to revalue its reserves and German public opinion may be moving against Emu. France also wants restrictions on Europe's central bank. Emu appears less likely after these developments, and if it does take place, it is likely to lead to a softer currency.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Some like it hard, most want it soft
Article Abstract:
European monetary union (Emu) could have a major impact on European economies if it goes ahead. Previous plans for monetary union have been unsuccessful. There is a debate as to whether enough countries will have met the convergence criteria set out in the Maastricht Treaty. There would be a shift in the relationship between countries involved in monetary union and those which stayed outside. The idea of monetary union is not likely to disappear even if the schedule is not met.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Get ready for the great Euro-binge
Article Abstract:
European monetary union (EMU) could be made more popular by giving the inhabitants of the European Union (EU) a cash sum from foreign reserves of EU countries. The reserves involved in countries planning to take part in EMU are more than Europe will probably need. The European Central Bank would have to approve such a proposal and could object. The cost of EMU is likely to be greater than the cost of such a scheme, and there are still arguments against EMU.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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