Maastricht follies

Article Abstract:

Three proposals forwarded by the Maastricht Treaty of 1991 fail to inculcate an atmosphere favorable to a single currency. Mediterranean economies with looser spending practices could undermine more stable economies. Limits on budget deficits for member nations are not strict enough.

European Monetary System

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Bridging a continental gap

Article Abstract:

The latest summit meeting of the European Union managed to keep the organization's two main projects, establishing a single currency and expanding the Union eastward, on course. Although differences remain, both France and Germany hope to begin the new currency in 1999.

Conferences, meetings and seminars, European Union, European Economic Community

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