1. As confusion mounts during the period of adjusting to the euro currency, the hedging trend into dollar investments is expected to accelerate. 2. As the election nears, however, both the dramatic merger of East and West Germany and the move to the common euro currency are playing against Kohl. 3. At the time, Germany feared that the fiscal indiscipline of countries like Italy and Greece could make the new euro currency unstable. 4. Banks and insurers throughout the European continent have been preparing for the euro currency through acquisitions that give them access to neighboring markets. 5. Breuer speaks on the effects of the euro currency on money and capital markets. 6. Britain and Denmark seem less likely now to join in the use of the euro currency than they did a few months ago. 7. European budgets are also constrained by a financial pact to bolster the euro currency that limits deficits. 8. European integration, the creation of a euro currency governed by a European central bank, and the might of financial markets have made big inroads on national sovereignty. 9. Funding costs of all European borrowers will be affected by the strength or weakness of the euro currency. 10. In addition, globalization and the very process of European integration built around the shared euro currency feed fears about loss of national identity. |