Ups and downs of euro's first steps

Article Abstract:

The launch of the European Monetary Union (EMU) has led to the creation of a single bond market which has widened investment opportunities for European investors. The availability of new funds is also likely to lead to a number of corporate takeovers, such as in the telecommunications industry. Germany has found it hard to cope with the interest rates dictated by the European Central Bank. Pressure on unemployment may eventually cause the German government to devalue it currency before the euro becomes the only currency in the EMU. The European single currency was introduced on Jan. 1, 1999.

Analysis, Europe, Economic policy

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EMU: No easy answers

Article Abstract:

The European Monetary Union (EMU) is very important to the economies of European countries, but the development of free markets in the European Union is even more vital. The EMU is due to happen on the Jan 1, 1999, when member countries will by united by a common currency. Some observers predict that the EMU will succeed despite the economic adjustments that have had to be made in order that countries can participate. Businesses must develop plans to cope with any eventuality. It is likely that European interest rates will stabilise until participating countries can meet EMU requirements.

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Jostling for EU position. (Britain's economic status)

Article Abstract:

The Republic of Ireland has the fastest-growing economy in the European Union, with a growth rate of 6.7% in 1994. However Ireland relies mainly on export demand rather than consumer led growth. Of the large economies in Europe France outgrew Germany significantly from 1960 to 1973, and Italy outgrew both countries between 1973 and 1990.

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