The US government staged a last-ditch attempt in November to convince European leaders to delay economic and monetary union (Emu) until the next century, arguing that the scheme in which they had invested so much political capital was just too risky.
But venture into the capital markets and you will find few more ardent supporters of the planned single currency than the London offshoots of the major US investment banks. They believe Emu will transform Europe’s fragmented fixed-income markets into the world’s closest replica of the US domestic bond market.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
