single currency

Europe's feuding leaders could hash out a deal to put the single currency and the zone's banking system on a sustainable footing.

One surprising result of the crisis has been a softening of opposition to the idea of adopting Europe's single currency, the euro.

Thus Britain would have to hold a referendum to adopt the single currency or to cede its vetoes over EU foreign policy, for instance.

If the issuing country were to leave the single currency, a five-euro note would still be worth five euros, whatever the serial number.

Europe has none of these things, which from the beginning made the prospects of a single currency dubious.

The German chancellor's sentiment demonstrates the political will not to let Europe's sovereign debt crisis undermine the single currency.

But since the adoption of a single currency, devaluation is no longer available to correct an unsustainable current account deficit.

First, it had to provide a number of countries with a single currency that would prove as stable as had been the Deutschmark.

None of these is ready for the tough discipline of a single currency that rules out any future devaluation.

That would make Poland a strong candidate to join the euro (if the single currency is still going).

Having come this far with the single currency, Europe has no choice but to press on towards full economic and political integration.

But if that had happened, it is hard to see how the single currency could have survived.

True, the economic problems Europe faces might have been worse without the single currency.

Otmar Issing, one of the fathers of the euro, correctly states the principle on which the single currency was founded.

The 17 member states of the single-currency area would be able to borrow in bonds issued by a European debt agency.

The good news for the euro, though, is that this means that four out of five respondents think the single-currency zone will stick together.

The French answer was to bind Germany into the European construction through the creation of a single currency.

However, the fate of the single currency could turn out to be closely intertwined with the renminbi.

It shows how deeply and with what extraordinary wisdom she had examined Delors' proposals for the single currency.

Europe's single currency, like the European Union itself, owes much to past German leadership.

But faith in the financial alchemy of this single currency has spectacularly crumbled, just as faith in those CDOs fell apart.

Germany entered the single currency handicapped, they say, by a strong D-mark and the cost of unification.

The single currency's political grandiosity demanded a strong institutional and fiscal foundation, which its designers forgot to provide.

The fear of isolation is keener in Denmark and Sweden, which want more say but are unlikely to join the single currency for a while.

But a return to equilibrium does not depend on one single currency, " he said. "

The pair is now bouncing along the 1. 3520 zone, and a weekly close down here would spell further losses for the single currency.

But traders cautioned against reading too much on the move and said despite the bounce, sentiment on the single currency remains negative.

Within the euro area a debate is in progress over whether the single currency itself encourages or discourages reforms.

From a purely economic point of view, the region has already overcome some of the hurdles to a single currency, however.

The break-up of the single currency, once dismissed as unthinkable, is now openly spoken of as a possibility.

The single currency will be accepted alongside sterling during the international Eisteddfod , which attracts thousands of visitors.

The gap between these countries' borrowing costs and Germany's became wider than at any time since the birth of the single currency.

Long before the euro came into being, economists warned that Europe wasn't ready for a single currency.

The cost of breaking up the single currency would be enormous.

Those members of the European Union who chose not to join the single currency may well do so in the next few years.

The issue has gained importance as the ECB has taken on a more political role as guardian of the embattled single currency.

Meanwhile, since the launch of the single currency in 1999, European markets have been steadily growing in liquidity and size.

There is not a strong enough common political identity in Europe to support the single currency.

What matters is if Europe's big countries decide Portugal should accept it in the interests of the single currency as a whole.

The British government says it's launching a campaign to win over public opinion in favor of the European single currency.

Europe lacks the political will to force the pace of integration necessary to avoid disintegration of the single currency.

Indeed, talk of an East Asian community, with perhaps even a single currency, is nothing new.

One of the main benefits of a single currency is that money does not have to be exchangedback and forth.

Managing a Greek default should be presented as a measure of Europe's political will to do whatever it takes to sustain the single currency.

The two crises have parallels: for both Belgium and the single currency, breaking up is no longer unthinkable.

The big irony, though, is that this very same debate was present at the creation of the single currency.

The prohibition is unlikely to ease pressure on the single currency, at least in the short term.

Holding euro-denominated assets also incurs the long-term risk that the single currency may one day break up.

eliminate uncertainty, they say, even if that means tossing some countries out of the single currency area.

Hostility to the launch of a single currency came in many forms, some of them quite nationalistic.

Still, other analysts, like Shaun Osborne at TD Securities, said it may be too soon to assume the worst is over for the single currency.

But they do not see the defence of the single currency as a British responsibility.

The threat to the single currency could have been averted by the exercise of collective political resolve.

Once the D-Mark had been subsumed in a single currency, the austerity versus growth argument would finally be settled.

The history of currency circulation is one of unification of multi-currencies into fewer or single currency.

When politicians discuss the single currency's crisis in Brussels, their actions are invariably seen by markets to be too little, too late.

A new Wirtschaftswunder in Germany is spreading out to the northern half of the single-currency zone.

The single-currency zone as a whole is doing well, outgrowing both America and Britain in the first three months of this year.

As the single currency's woes have deepened, British ministers have found themselves pulled in two directions.

The Journal surveyed 54 economists and asked which single currency they would bet on rising in value over the next three years.

She reiterated China's long-standing discomfort with a global financial system dominated by a single currency in the dollar.

But from the outside, the single currency looks like an increasingly attractive shelter.

Launched in 1999, the single currency had an immediate impact by smoothing cross-border trade, travel and flow of workers.

The rumblings of change in Europe are getting louder with the formal launch of the single currency , the euro .

The challenges posed by a country leaving the single currency, however, would be formidable.

The single currency has thus been caught up in China and the United States' battle over the future of the world economy.

But the immediate bill for a break-up of the single currency would surely be in the trillions of euros.

Without a dramatic change of heart by the ECB and by European leaders, the single currency could break up within weeks.

This would link up east Africa as never before, and a single currency and a customs union would then make much more sense.

Germany greeted the single currency as a levelling of the commercial playing-field and has been honing its competitiveness ever since.

Unlimited Swiss buying of euros could push up the single currency, adding to deflationary pressures in the region.

His remarks came as France and Germany edged towards closer fiscal union to avoid a potentially disastrous collapse of the single currency.

Those current account imbalances are the result of imposing a single currency on 17 eurozone countries.

In Britain's political spectrum the Liberal Democrats are the keenest Europeans, even wishing to join Europe's single currency, the euro.

Locked into the single currency, Spain can no longer regain its lost competitiveness by cutting its exchange rate.

Should the single currency crumble, they are determined to be on the inside track for any new German-centred "super-euro" .

This year's Greek crisis exposed the inadequacies of the euro, a single currency without a joint economic or fiscal policy.

There had been speculation that countries might abandon the single currency. And some doubt Estonia is even ready for the move.

The problem is that the dogmatic prescriptions of the "German orthodoxy" are pushing the single currency towards collapse.

Perhaps the most telling case of one rule for new members and another for old ones has come with the single currency, the euro.

Europe is ensnared in a debt crisis that threatens the future of its single currency, and the social stability of the European Union.

With the odds of recession rising fast across the single-currency area, there is an urgent need for lower rates.

In a sense, the single currency has protected its members, but at the price of storing up big problems in future.

He has repeatedly proposed immediate unity and the establishment of a single currency, army and passport for the entire continent.

A single currency can only survive if its political foundations offer coherence.

Third, global applications cannot assume any single currency and instead must handle several currencies simultaneously.

Hawkish comments from Jean-Claude Trichet, European Central Bank president, have helped improve sentiment towards the single currency too.

This process should culminate in the introduction of the single currency by the end of the century.

The single currency may be rescued, but I am not sure there is great enthusiasm for a German Europe.

Most investors are betting any losses in the single currency should be limited amid expectations of rising euro zone interest rates.

Hawkish comments from Jean-Claude Trichet, European Central Bank president, have helped improve sentiment towards the single currency too.

This process should culminate in the introduction of the single currency by the end of the century.

The single currency may be rescued, but I am not sure there is great enthusiasm for a German Europe.

Most investors are betting any losses in the single currency should be limited amid expectations of rising euro zone interest rates.

But the future of the European economy and its single currency is more likely to be decided on the streets.

Eurosceptics, who opposed the formation of the single currency, predicted this kind of debacle.

Prophets of a sceptical bent say all this is futile because they knew all along the single currency was doomed.

As well as those chronic problems, the EU faces an acute crisis in its economic core, the 16 countries that use the single currency.

The intention, her officials say, is to underscore the importance she attaches to defending the single currency.

But now that the single currency is instead associated with pain, austerity and debt, the limits to European solidarity are clear.

But now that the single currency is instead associated with pain, austerity and debt, the limits to European solidarity are clear.

So far, Slovenia has adopted the single currency and Slovakia will do so next year.

These countries' attitudes to the single currency still owe much to their experience.

The prime minister says members of the single currency should not dictate policy to the whole Union.

The single currency is just an instrument, aimed at promoting economic prosperity and political harmony across Europe.

A rider to the act sketched out an ambition to complement the single market with a single currency.

The eurozone must follow the logic of the single currency and stand more convincingly behind the euro.

Greece, a nation in the euro zone and part of the single currency, is in major debt.

spurred on by those, and by competitive pressures from Europe's single currency, German business ruthlessly held down real wages.

A former European commissioner from Ireland, Peter Sutherland, thinks that Europe's single currency has kept Ireland afloat.

But Europe is trapped in its own utopian project: the single currency.

Splits within the EU over how to help Greece have prompted a sell-off in the single currency, knocking it down 10 percent since December.

It seemed to work, but may also demolish Germans' long-term trust in the single currency.

purchases of bonds of peripheral euro-zone members, in a bid to alleviate strains on the single currency.

In truth the single currency is heading for the trickiest moments of its short life.

The single currency fell sharply when Greece first required a bail-out in May 2010.

Europe is where the crisis now has its locus, amid fears that the single currency could break apart.

But the alternative may be the collapse of not just the single currency but the single market and the whole European project.

Eleven other nations will be hoping for a smooth transition to the single currency.

No mainstream political party contests the view that everything must be done to save the single currency.

Nor, as a member of the single currency, can the Irish central bank create euros.

Eurosceptics were right that the real test of the single currency would come when Europe's economies fell into deep recession.

Revised data showing euro zone growth stalled in the last quarter of 2009 also weighed on the euro zone single currency.

In the worst case, Greece defaults without a banking panic or a breakdown of the single currency.

Even then, as Mr Issing makes clear, the Bundesbank believed the single currency needed greater political union.

The flaws in the design of the single currency have been brutally exposed.

Mr Major accepted the Maastricht treaty five years later only after securing opt-outs from the single currency and the social chapter.

Some argue that the destruction of the single currency will destroy the EU itself.

The first is the momentum acquired by the growing membership of the single currency.

Poland, Sweden and others outside the single currency are deeply unhappy about the prospect of a two-speed Europe.

In the years following the onset of a single currency, that pace barely slowed.

If policymakers had understood two decades ago what they know now, they would never have launched the single currency.

Shared interests, be it in terms of the single market or single currency, should hopefully prevail, and make the EDRM more realistic.

Germany could avoid such choices before the single currency: uncompetitive countries simply devalued.

Single currency will be used in regions, and prosperity, glory will be shared with all nations.

Some europhiles, particularly in Britain, denied that a political union was necessary to support a single currency.

We do not think the single currency will break up but there are still risks.

How, then, will Europe try to save its single currency?

The travails of the single currency have hardened anti-euro sentiment in Sweden too.

Start off with an internal market before adopting a single currency.

The crisis engulfing Europe's single currency now promises to drag the continent into depression.

The single currency was helped earlier by data showing a surge in German manufacturing orders in August.

This has helped to form the mistaken impression that everything was fine with the European single currency project.

As for the euro zone, Estonia's accession is a demonstration of faith in the single currency.

Within it, reform would not just revive moribund economies, but also create the chance of future growth to safeguard the single currency.

Another pillar of European integration, of course, is the single currency.

They now associate the single currency with lost jobs, falling wages and slashed pensions.

What worries me is that, on the evidence so far, Berlin does not have the political will to rescue the single currency.

The prime minister, Iveta Radicova, hurriedly reassured her European partners about Slovakia's continued commitment to the single currency.

No one expected the Gulf states to make rapid progress towards a single currency.

Ms Merkel has set out Germany's terms for its sustained backing for the single currency.

The COP should consider adopting euro budgeting and a single currency system of assessment - the euro - from the 2008-2009 biennium.

Or some European countries will default and probably leave the single currency.

The sweeping measures mark a historic turning point for Europe's single-currency zone.

A single currency is pretty well unimaginable, even more so now after the experience of the euro.

What it does not want is clear enough: no "transfer union" , no pooling of national debts and no break-up of the single currency.

In 10 years as prime minister, Blair shunned the single currency, backed Bush over Brussels and went to war in Iraq.

As investors and voters lose faith, the task of saving the single currency grows harder.

That is why the choice is so stark for the southern European countries, which are tied into the single-currency zone.

For this small country of just 1. 3m people, the single currency is a further step towards "Europe" and away from Russia.

On the one hand, some Conservatives call the single currency a folly of European grandeur, doomed from birth.

MARKETS are losing confidence in the European Union's ability to keep the single currency intact.

The European Union's core project, the single currency, has been buckling under the weight of sovereign debt and political discord.

The central bank must stop the bond run at all costs because it is endangering the stability of the single currency.

Does this mean that the single currency project is nearing its end?

The Foreign Office was doctrinally pro-single currency.

Why, from a single currency perspective, did it all go so wrong?

Polls show that a majority of the Dutch population now regret joining the European single currency.

The euro zone is heading back into recession because it dithered too long over the debt crisis in the single currency's periphery.

This has, by default, propelled the single currency higher.

According to Verhofstadt, "Either we do this or it's the end of the single currency. "

This does not mean that Europe should not eventually have a single currency.

Countries in the euro single currency have a rich history of exotic maneuvers to make their debt and deficit numbers look rosy.

New legal structures are needed for the 17 countries that share the single currency.

Ireland cannot afford to quit Europe's single currency, the euro.

Euro is the single currency of the European Union.

Among other things, it will make Eurosceptic countries, notably Britain, far less likely ever to join the single currency.

On the occasion of the euro's 10th birthday, this has become the most frequently asked question about the single currency zone.

Yet the debate about how to save Europe's single currency from disintegration is stuck.

Time and time again over the past 18 months, European leaders have pledged to do "whatever it takes" to preserve the single currency.

The leaders of the euro-area countries have thrown 750 billion euros ($1. 08 trillion) at shoring up confidence in the single currency.

Yet at the same time, thanks to the existential crisis facing the single currency, Europe's tectonic plates are in motion.

On membership of the single currency, the Government's policy is unchanged .

The competitiveness analysis applies where there is a single currency.

This week the story concerns the euro and whether Greece will be saved by its 15 siblings in the single currency.

Could Europe have a single currency without effective controls on national budgets?

If a big leap towards fiscal union is unlikely, what of the opposite outcome, a break-up of the single currency?

How he fares could determine the future of Europe's single currency.

They are locked in a single currency.

If that is true, the blame may not lie entirely with the cheap wow gold single currency.

Yet David Cameron insists on leaving the room when talk turns to Europe's single currency.

The sobering truth about the single currency is that getting in is a lot easier than getting out again.

To use a single currency will make the calculation much easier.

The single currency also hit a 7-week low against the yen at 130. 00 yen EURJPY=R.

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