WHAT IS THE EURO?
It is a common currency unit for eleven initial member participating countries. These are listed in order of capital contribution starting with the highest. They are: Germany, France, Italy, Spain, Netherlands, Belgium, Austria, Portugal, Finland, Ireland, and Luxembourg.
The Euro currency unit is supplanting the local currencies of the members. This will simplify pricing and valuing financial and economic transactions. The costs of currency conversions should decline due to the greater depth and breadth of this new currency. This has implications for corporate and banking profits. See related STOX PLUS: Euro's Impact on Corporate and Banking Profits article.For more EURO CURRENCY UNIT information, resources, and links connect to Barkley's Euro Resources Desk.
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