The main proposal is to make the European currency
unit (Ecu), already used as a means of EC accounting, into a parallel currency designed to appeal to tourists, businessmen and traders, by saving the time and cost of changing money.
Expanding International Financial Reporting Standards to as many countries as possible can achieve what I believe the unified European currency
has accomplished, bringing clarity and transparency to our system of accounting.
In reality, the creation of a single European currency
more than a decade ago shook up the dollar, not only in terms of attracting a portion of the world reserves equivalent to nearly a third of their total value, but also because the euro offered a sanctuary for the reserves of countries opposed to American policies, in particular the oil producing countries among those.
They had only escaped from quite nasty dictatorships in the 1970s, and being part of a common European currency
was one of the ways they could reassure themselves that that was all behind them now.
The common currency would be similar to the European currency
unit and to the coming monetary union currency in 2013 of the Gulf Cooperation Council countries that include Bahrain, Kuwait, Qatar and Saudi Arabia.
Official EU polling some months ago found that 93% of euro-zone citizens thought the European currency
had "added to the increase of prices".
Over half now believe Britain joining the single European currency
would be helpful to their business, according to the latest DHL Quarterly Export Indicator.
It proves just what a difficult job the Government has in persuading us of the virtues of joining the European currency
. MEP Eluned Morgan is convinced that our loyalty to the pound has already cost Wales thousands of jobs and every day we delay threatens future investment.
The Prime Minister and the Chancellor took the unusual step of issuing a joint statement on Friday denying there was any rift between them on the issue of whether Britain joins the European currency
Initially launched in the beach resort of Varadero last summer, the common European currency
is also now being used successfully in Jardines del Rey, in the keys just north of the main island, said Gilberto Gil, tourism chief for Ciego de Avila province, noting that using the euro opens "new options for tourists ...
It's been almost a year since the development and expansion of the European currency
, the euro.
Now, the captive nations of Europe find themselves trapped in a bona fide emerging superstate, empowered by a single European currency
and backed by an increasingly oppressive pan-European government complete with courts and lawmaking authority.