The Euro Isn't Out Of The WoodsThane Peterson
For months, Europe has blithely sauntered toward European Monetary Union (EMU), despite worries among economists as to whether Continental economies are ready. Political opposition has been tepid. In Germany, Chancellor Helmut Kohl has turned European unity and the euro common currency into motherhood-and-apple-pie issues. Both his possible Social Democratic Party opponents in September's general elections agree.
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