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Europe to launch euro common currency by 2002
Eleven European Union nations agreed to abandon national currencies and form a euro monetary union, centralizing policy at a European Central Bank. The move aims to create a unified market of about 300 million people, potentially aiding American exporters and simplifying transactions for travelers, with euro notes circulating from January 1 2002. Greece expected by 2001. UK Sweden Denmark opt out.
MENTIONED IN THIS ARTICLE
Washington
Euroean Union
Europe
America
Germany
France
Italy
Spain
Portugal
Belgium
Luxembourg
Netherlands
Austria
Finland
Ireland
Greece
Britain
Sweden
Denmark
Euroland
Willard Workman
US Chamber of Commerce