The debate continues as experts give their counterarguments:
Bernard Connolly, executive director of AIG international.
Graham Bishop, advisor on European financial affairs at Salomon Smith Barney.
Supporters of Economic Monetary Union in Europe cannot ignore the fact that after much fanfare and predictions of rivalry with the US dollar, the euro still fell 13% against its rival over the first six months of its life. Euro weakness has been seized upon by euro-detractors as a sign of the impending failure of the EMU project.
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