11 Nations Support Euro

Jan. 13, 2005
Although formal designation won't happen until May, eleven of the European Union's 15 nations are ready to participate in the debut of a common currency, the euro, come Jan. 1, 1999. Greece won't be present because its public-sector deficit is above ...

Although formal designation won't happen until May, eleven of the European Union's 15 nations are ready to participate in the debut of a common currency, the euro, come Jan. 1, 1999. Greece won't be present because its public-sector deficit is above allowable levels. And three other countries--Denmark, Sweden, and the UK--have opted out of European economic and monetary union (EMU) for the present.

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