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Indeed, in 1992 the European Commission estimated that the aggregate cost of converting EU currencies approached 20 million European Currency Units (about 0.
Loans denominated in European currency units (ECUs).
The second great American myth is that somehow, after 1992, all will be different - that an economically integrated "United States of Europe" will emerge as one marketplace, where everybody will speak English and deal in European Currency Units, and differences will be as skin-deep as the differences in sales taxes and regulatory issues between North American states.

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