The Euro

NPR's John Ydstie reports this weekend that 11 European Union countries will be ringing in the new year with a big "Euro" bang. On New Year's Eve, finance ministers will fix the rate at which the euro will trade. This will begin a race by banks and financial firms to get securities ready to be traded in euros for the first time when the market opens on January 4th. Some say the introduction of the euro could threaten the U.S. dollars' dominance as the reserve currency for the world's financial markets.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.