EMU exposes the great price divide
Article Abstract:
European monetary union (EMU) has made it clear that there are still significant differences between price levels across Europe. Domestic price levels will come under stronger pressure as a result of the more open competition prompted by EMU, and this will probably bring about a levelling down of prices across Europe. This will in turn reduce the average inflation rate and maintain inflation differentials. These differentials are not necessarily damaging. Economic growth is likely to be higher in the 'low price' economies.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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All change for the euro
Article Abstract:
The euro will come into effect in 12 European countries on Jan 1, 2002. There will be a period of adjustment during which it will be possible to spend national currencies but receive change in euros.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2001
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