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Euro Heralds New Era - Example Papers

Euro Heralds New Era

11 nations merged currencies to create the euro. Europe’s leaders say that the unified currancy will promote bussiness, underpin unity and strengthen their role in world affairs. Officially at midnight on New Year’s Eve the euro became the common currency of Germany, France, Italy, Spain, the Netherlands, Belgium, Austria, Portugal, Finland, Ireland and Luxembourg. This event is hailed as a historic turning point in Europes history. By uniting Europe has created a powerful new economic force. Britain, Denmark and Greece are also hoping to join in the next decade. “If the postwar era ended nine years ago with the fall of the Berlin Wall, then our futures begins on Jan. 1, 1999, “ German ...

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for non-cash transactions ranging from government bond issues to credit card and check purchases. Euro figures will appear along side national currencies on pay checks, phone bills and bank statements. The United States dollar will now have a strong competator in the currency market. The euro-zone will be a powerful player in the world maket with its 20% of world economic output and 18% of world trade. “The euro becomes the strong arm of the strongest economic region of the world,” Austrian Chancellor Viktor Klima said in Vienna. “From Lisbon to Helsinki, from Paris to Vienna, the euro is a remarkable symbol of our common identity,” said France Finance Minister Dominique Strauss-Kahn. “Tomorrow I won’t be any less. French … but we will all be a little more European.” “Europe is finished the century by sending a message of peace,” said Italian Treasury Minister Carlo Ciampi. “The conflicts that have so often gripped our continent are a thing of the past.” The union of the ...

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Euro Heralds New Era. (2005, July 9). Retrieved November 23, 2024, from http://www.essayworld.com/essays/Euro-Heralds-New-Era/29778

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PAPER DETAILS

Added: 7/9/2005 02:15:33 AM
Category: Economics
Type: Premium Paper
Words: 395
Pages: 2

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