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| | Euroland or Bust - - science news articles online technology magazine articles Euroland or Bust (Site not responding. Last check: 2007-10-15) |
 | | In all, some 140,000 tons of metal will be removed from circulation in Euroland, melted down, and sold on the world market, but not too fast, or else the bottom will drop out. |
 | | On January 1, 1999, the euro will become legal tender in Euroland, and the national currencies will cease fluctuating in value against one another, instead becoming fixed percentages of the euro; it in turn will be fixed at whatever value the ECU has at 2 p.m. |
 | | It will have the power to do that because Euroland's money supply will be large, large enough not to be jerked around too much by the whimsies of international money markets--and especially not by the actions of the Fed. This strength will benefit European economies, Woehrling argues, but also European psychology. |
| www.discover.com /issues/oct-98/features/eurolandorbust1519 (0 words) |
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