When the walls come tumbling down

Article Abstract:

The European Monetary Union is likely to put pressure on most businesses as the removal of foreign exchange barriers is likely to push companies to rethink the way they do business. Companies likely to lose from monetary union include banks dealing in foreign exchange and businesses that concentrate on the local markets. Businesses likely to survive are those adequately prepared for the union, multinational businesses, and those who have invested a great deal to improve their efficiency.

Administration of General Economic Programs, Currency Stabilization Programs, Currency stabilization

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Sweating for that Euro

Article Abstract:

The Maastricht Treaty which will establish and European monetary union is scheduled to take effect in January 1999. Countries must reduce public debt to below 3% and meet other economic standards in order to join, but even countries like France, Italy and Germany may have trouble reaching the goals.

Standards, Monetary unions

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