Don't Undermine The Euro

It will be the boldest experiment in the recent history of world finance. At market opening on Big Bang Monday, Jan. 4, Europe's new currency starts to phase in, as Continental stocks and bonds begin trading in euros. If all goes well, the creation of a unified currency zone almost as big as the U.S.'s could boost the Old World into an economic powerhouse to rival America. Weak European financial markets should surge, and a new reserve currency should take its place within investors' portfolios along with the dollar.

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