The quick and the dead

Article Abstract:

The currency adopted by European monetary union, the euro, has dropped in value, and inflation could rise above a limit of 2% set by the European Central bank (ECB). The ECB is keeping interest rates stable. Petroleum prices are more likely to affect inflation than the value of the euro. Critics argue that the ECB lacks clarity in terms of its monetary strategy. The euro is seen as undervalued by most economists, so should rise in value, though the timing depends on perceptions of the US economy.

Economic policy, European Central Bank

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The stage is set

Article Abstract:

Banks have to be prepared to trade in the new European currency, the euro, from Jan 4 1999, which involves changing software and redenominating financial assets. The operation involves planning on the part of the local government in London, England, where the institutions are based, and the regulators, as well as the institutions themselves. There is more concern about the smaller banks which may have more problems preparing for the euro, than about the bigger banks.

Western Europe, Banking industry

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The euro's agony, Europe's opportunity

Article Abstract:

The European countries taking part in European monetary union are undegoing a recovery, but the euro currency is still falling in value.

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