The Euro and "Coca-Cola"

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"Introduction
In 1992, the European Union (EU) was formed among major countries in Western Europe. Replacing the European Common Market, the EU created one of the largest trading blocs in the world and effectively eliminated trade barriers among member nations. Goods and services are now freely traded among the member nations, and the North American Free Trade Agreement (NAFTA), which created a similar trading zone among Canada, the United States and Mexico, is generally viewed as a reaction to the EU. In a move which has perhaps greater ramifications for the world economy than the free trade zone, the EU has adopted a single currency, the euro, which is being implemented over several years. Although not all member countries have adopted the euro, and some non-member states (such as Switzerland, which has a strong national ..."

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