World Government Bond Forecasts: The Ecu

BY NOMURA INTERNATIONAL PLC

Why the Euro will be a strong currency

As the European monetary union (Emu) deadlines grow nearer, there have been increasing doubts from, among others, the German population, about the wisdom of entering into Emu. Much of it is an opposition of principle. The average German does not object to the concept of Emu so much as its practical implementation and the effect that this would have on the value of his or her savings. We believe these concerns are not valid.

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