One size cannot fit all in the new euro-zone
Article Abstract:
Apparently similar economies can in fact be very different from each other. For this reason, it will prove very difficult to develop economic policies for all the countries participating in European economic and monetary union. A single monetary policy will have to take account of the needs of countries which are at different stages of the economic cycle and have different balances between manufacturing and services. Manufacturing-dependent countries are different from service-dependent ones, and there are also significant differences between service-dependent countries.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Nations take huge leap into unknown
Article Abstract:
The single European currency, which becomes a legal entity on Jan 1, 1999, is set to rapidly replace national currencies in participating countries. European monetary union is an extremely significant development, and it is impossible to accurately predict its impact. However, it is clear that national parliaments will find it harder to exert their own authority, while the European Central Bank will have considerable power. Creating a single currency will certainly prove a driving force for European economic integration.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: We cannot afford to waste the talents of the next generations. Jobs will soon be flexible, fulfilling and fun
- Abstracts: Don't shoot me, I'm only the producer. You can't take the father out of the son. Once the daddy, always the daddy
- Abstracts: Mr Blair sneaks Cool Britannia in through the back door. Phew! Someone realises that Britain is not a paradise
- Abstracts: Happily hanging out in oblivion. Trouble in Munchkinland. When the chips are down..
- Abstracts: Of all the fragrant media stars Bill Gates is strongest. Hello, this is Tina: I'd like to buy your soul. The Cisco kid