EUROPE: EURO PLUMMETS AGAINST THE DOLLAR

Article Abstract:

The head of the International Monetary Fund, Horst Koehler, has said that central bank intervention to support the flagging euro should not be a taboo subject. It is uncertain as to whether the euro can recover as it has dropped to below US$ 0.8440 in New York trade after a German business confidence survey fell for the third month in a row. The survey had removed the need for the European Central bank to raise interest rates. Soaring oil prices have drove the US trade deficit to US$ 31.89bn, which has failed to rally the euro.

Foreign trade, Exchange Rates, Prices and rates, Brief Article, Euro (Currency)

---

Now we have the euro, it is time to prepare for full political union

Article Abstract:

European monetary union will bring significant challenges. There is likely to be widespread concern about the role of the European Central Bank, and problems could also arise if some of the countries that have only just managed to qualify to join European monetary union begin to deviate from the policies required to ensure cohesion within the new system. It seems likely that the euro will only be truly successful if Europe is willing to federate, as it is not possible to have a common currency without a common government.

Strategy & planning, Administration of General Economic Programs, Intnl Economic Policy, Planning, Column, International economic relations, European Union. European Central Bank

---

EU: RISE IN EURO-ZONE INFLATION

Article Abstract:

Headline inflation in the European union rose to 1.4% in October 1999, up from 1.2% in September 1999 and 0.9% in October 1998. The rise is blamed on increased oil prices that could push the headline rate still higher. However, the core inflation rate fell to 0.9% in October 1999 and is well contained.

United Kingdom, Inflation (Finance), Inflation (Economics)

Similar abstracts:

• Abstracts: UK: MPC UNDER PRESSURE TO LEAVE RATES UNCHANGED. The Fed is right to be relaxed about inflation. UK: INFLATION UNDER PRESSURE
• Abstracts: UK: NEW UNIT TO INVESTIGATE BENEFIT FRAUD. Bring back flood plains - to stop flooding. UK: RISK OF FLOODING HAS INCREASED

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.