The Euro and What it will do for Europe
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.
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A monetary union also provides the possibilities of a European political union linking.