Conference on Single Currency: Speakers See Strong Prospects for Euro's Success, But Note Political, Economic Challenges Remain

In a little more than a month, the European Union's new single currency-the euro-will replace the national currencies of 11 countries, as the third and final phase of European economic and monetary union (EMU) is launched on January 1,1999.

The potential impact of the euro on trade and industry and financial markets was the focus of the seventeenth annual International Monetary and Trade Conference, "The Euro: Foreseen and Unforeseen Consequences," on November 16. Convened by the Global Interdependence Center, a Philadelphia-based organization, the conference featured participants from academia, government, and trade and industry. Speakers were Robert Solom...

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