The Euro and What it will do for Europe

Paper Summary:

An analysis of the new European currency, the Euro. The paper provides a history of previous attempts to institute such a change and how the process finally lead to the implementation. Details of economic changes in trade, taxation and personally are listed, as well as views for and against the Euro. Each country's position is discussed.

From the paper:

"European nations have recently adopted the euro currency, and this paper will provide pros and cons, and overall analysis of how Europe can benefit from it. Never before has a single currency been created across an industrialized zone. Exchange rate stability is what people are looking for with the euro. Some people hope it is such a success, that it will someday reach the shores of the United States and Japan. The euro is a financial innovation, and a common currency is the ultimate in stable exchange rates. A monetary union also provides the possibilities of a European political union linking."

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