Market > Europe > Overview
- Overview
- EMU
- Price stability
- Credible monetary policy framework
- Emergence of euro-area financial markets
- Increased efficiency in the financial sector
The European Monatary Unification is perhaps the most important economic event in Europe this century. It will have a profound effect on the economic environment in which companies operate and will transform financial markets in Europe. It will affect most areas of business and offers both opportunities and challenges.
The new euro zone comprises a population of 290 million people, with a combined Gross Domestic Product of about 85% which is approximately the size of the USA's Gross Domestic Product. The euro is likely to rival the U.S. dollar as a currency of trade and reserve, and is expected to have a major impact on global economic relationships.
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