Read Peter Gerardo's article entitled:
"Forum on European Monetary Union Addresses American Anxieties." (This article appeared in the July/August 1997 issue of
State Bar News, a publication of the New York State Bar Association.)
Questions- Under the existing plan, what will happen to the existing currencies
of participating countries beginning on January 1, 1999?
- What is the concern expressed about the "standard of deferred payment" role played by existing European currencies?
- What are the advantages of replacing national currencies with a single currency?
