Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Opposing The `Euro'

International Outlook: GLOBAL WRAPUP


Europe's hopes of achieving a common currency have been dealt another blow by Germany's opposition Social Democratic Party (SPD) leader, Rudolf Scharping. Scharping has called on Chancellor Helmut Kohl to delay introducing the "Euro" until after 2000. The about-face is designed to push a hot button with German voters, who are increasingly reluctant to sacrifice the strong German mark, a potent symbol of nationhood, especially in eastern Germany. But financial analysts fear that delaying monetary union could abort the project altogether.

The main surprise is Scharping's timing. Observers figured that he would wait until nearer the 1998 Bundestag elections to raise one of the few issues on which he is closer to the electorate than Kohl. But after the SPD fared poorly in Oct. 22 elections in Berlin, Scharping has to shore up his position now against the populist Prime Minister of Lower Saxony, Gerhard Schruder, who is also making the mark an issue.EDITED BY ROSE BRADY

blog comments powered by Disqus