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Britain And Joining The Economic And Monetary Union
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Economic and monetary union promises both currency stability and a move towards further integration of Europe. Deeper monetary co-operation would strengthen political bonds between EU member states and protect a common market. Thus, since the 1960's, the EMU has been a recurring goal of the European Union whilst its member states have made sust ....
Middle of paper ....tributing the new currency, IT systems, tills, slot machines and accountancy systems will have to be changed. These will also have to be adapted to operate dual-currency systems during the three years between 1999-2002, during which national currencies will circulate alongside the Euro. The European Commission argues that the cost of introducing t.... |
Word count: 2645 |
Page count: 10 |
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