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Out With the Old, In With the Euro Jan.. 3, 2002 While the United States began the new year with the economy in recession, Europe began the year with a brand new currency. The long anticipated euro made its debut to mixed reviews. With the exception of three European Union (EU) members -- Britain, Denmark and Sweden -- 12 countries of the EU will fade out their national currencies by February 28 and replacing them with the euro, including Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, The Netherlands, Portugal, and Spain. The frantic national currency switch proved taxing for many, especially European banks. And it was not without its critics. Here are some of the headlines that appeared in response to the controversial event. United States England Germany Africa New Zealand Italy |
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