71.  EUROPE Invigorated by optimism over its new single currency, the euro, Europe still appears to hold much promise.

72.  European countries joining EMU, and borrowers with debt in currencies being swapped for euros, have three years to redenominate their debt into the new currency.

73.  Even before the coming of the euro, as the new European currency is called, that system was dying out.

74.  European officials offered no new agenda for turning around a slowdown that has already led to a slide in the value of the new European currency, the euro.

75.  Europeans appear ill-informed about their new currency.

76.  Even though the new European single currency is hastening the development of a single financial market, banks are shoring up their positions by merging within national boundaries.

77.  Fearing a loss of sovereignty, Britain, Denmark, and Sweden chose not to join the new currency.

78.  Even though European governments will continue to issue their own bonds, most of them will eventually be denominated in euros, the new single currency.

79.  Farnleitner said Italy, Spain and Portugal will pass the economic fitness test and adopt the new currency, the euro, when it gets under way.

80.  Germany and most other countries in the European Union are racing to meet the strict fiscal requirements this year for participating in the new single European currency.