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Commodities Briefing - Categorized | Commentaries, Currencies more

Euro currency turns 10; seen fulfilling promise

Posted on 29 December 2008

From AP: Ten years ago, Europe launched its grand experiment with a shared currency — and watched it plunge so far it needed a bailout from central banks.

But as the anniversary approaches of the Jan. 1, 1999, arrival of the euro, economists say the new currency is finally fulfilling its promise as a way to lower borrowing costs, ease trade and tourism, boost growth and strengthen the European community….. Full Article: Source


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