currency union

But I think things will calm down after currency union.

Some private experts are already questioning the cost and the effect of the currency union plan.

In 1837, the southern states of Germany formed a currency union.

"I've always believed they would create a currency union sooner rather than later," he said.

A currency union is likely to lead to a reduction in member countries' natural rate of unemployment.

When currency union was adopted, there were 12 million unemployed.

The single currency union was a gamble and now it is time to face facts.

There's no reason the currency union has to cut away all the stragglers.

The move was seen as likely to correspond with the introduction of a currency union between the two countries.

The Chancellor could not have been more clear as to how, in his view, matters would move forward from the basis of a currency union.

Officials of other countries were also coming around to the view that German currency union would not lift inflation.

This uncertainty, by definition, does not exist in a currency union.

If it were to do so, the very existence of the currency union would be placed in jeopardy.

So the currency union would remain - see how that works in the eurozone?

Those countries, except Greece, are now generally expected to join the currency union with the first round of members in 1999.

It did not consider in any detail the relative merits of a currency union.

In brief, the case for the European currency union is well-founded.

Standard & Poor's has been slow to recognise the default risk for states that give up their central bank in a currency union.

That's the same with currency union: it all sounds good, but don't let yourself be fooled.

Nowhere was that more apparent than in a Europe preparing for currency union.

And in a currency union that means it has drained the other countries of the money they need to function properly.

What this crisis shows is that currency union doesn't work without political union.

He even suggests that a ministry of finance for the currency union as a whole could be set up eventually.

British Guiana withdrew from the currency union the following year.

In a study released today, the institute said a currency union would not stem the exodus from the East.