11. The second global economic event is the implementation of the euro as the main currency among the several nations in the euro zone. 12. The risks of remaining outside the euro zone are clear, too. 13. The value of the euro hardly flinched in response to the chastisement of Germany, the single largest economy in the euro zone. 14. The weak euro is pushing up the price of all imports from outside the euro zone. 15. A European Central Bank, based in Frankfurt, Germany, will set single interest rates for the whole euro zone. 16. A new polemic is building among some members of the euro zone, including Germany. 17. After that, French francs, German marks, Italian lira and other national currencies within the euro zone will become obsolete. 18. An Associated Press survey of everyday consumer goods makes it clear that the euro zone is far from being a single market. 19. Analysts say the expected easing in inflationary pressures across the euro zone will also help drive Greek inflation lower. 20. Bills will be the same throughout the euro zone. |