1.  Among those with the most at stake immediately are option traders who made losing bets on future currency trends.

2.  Companies and investors protect expected foreign currency income by hedging, or securing future currency transactions at rates determined in advance.

3.  European Commission President Jacques Santer called on governments using the future single currency to closely coordinate their economic and budget policies.

4.  European Union leaders pledged to map out within six months a plan to prevent nations left outside the future common currency zone from allowing their currencies to slide.

5.  He added that a reinforced stability pact, preventing excessive government borrowing, will help keep the future currency, the euro, stable.

6.  Hannoun said targeting money supply rather than inflation would be a more reliable way to achieve price stability within the future single currency zone.

7.  Meanwhile, the mark has been undermined by concern the euro, the future single European currency, will be weak.

8.  Major has refused to rule out future British membership in a future single European currency and that the question might have to be put to a referendum.

9.  Sabena said it had asked Airbus to allow payment for the aircraft in euros, the future European single currency, rather than in U.S. dollars.

10.  Superficially, the issue in the leadership election was whether Britain should agree to abolish the pound and adopt a future single European currency.