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Essay / Research Paper Abstract
This 3 page paper critiques the euro and looks to the future. A brief history of the euro is relayed. Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: RT13_SA646uro.rtf
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Unformatted sample text from the term paper:
use of a single currency is easier because they often go from small nation to nation, just as people in the United States go from state to state. And while
convenient, the euro has not united Europe as some thought it would. Conspicuously absent from this new model is Britain. Not all European nations joined, but many have. Of course,
that is only one point. The euro fared well originally, but now the dollar is doing better. In the scheme of things, it seems as if the euro has had
some problems and its future is uncertain. A look at the history of the euro can help to shed light on this subject. II. The Introduction of
the Euro By now, most of the world is familiar with the new European currency called the euro. It all started in 1957 when a treaty was made to
bond European countries to create a single market force ("History of the euro," 2006). In 1986, the Single European Act was passed along with the Treaty on European Union in
1992, and soon thereafter the EMU would create the foundations for the single currency ("History of the euro," 2006). On January 1, 1999, the third stage of the EMU would
commence and participating currencies had been introduced ("History of the euro," 2006). The euro, on that date, became a legal and viable currency and eleven member states would participate ("History
of the euro," 2006). There were notable exceptions, like Britain. In 2001, Greece would join as well and that would make twelve member nations in all("History of the euro,"
2006). Pressure on nations that did not join was significant. In an article in the Economist, the following is noted: "When the euro was created, it was clear that its
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