| | New Money, Old World - World (Site not responding. Last check: 2007-11-05) |
 | | The new cash has renewed the popular appeal of pessimistic “Euroskeptics,” who clamor about the dangers of the E.U. Admittedly, what critics refer to as the two “e-words,” enlargement and the euro, pose challenges to today’s European politics. |
 | | These challenges are far more surmountable than critics on both sides of the Atlantic would have us believe, and the European Common Market will likely emerge as a stronger, not weaker, counterpart to that of the U.S. Introducing 14.5 billion new euro bills and 50 billion coins into circulation requires an amazing administrative act. |
 | | The E.U. must adjust its rules governing structural and agricultural funds in order to avoid exorbitant claims from new member states, and it must accomplish institutional reforms in order to ensure legitimacy and efficiency, especially with respect to voting procedures left absurdly complicated by the Treaty of Nice. |
| www.hpronline.org /news/2002/01/13/World/New-Money.Old.World-161664.shtml (592 words) |