CONTENTS 1) INTRODUCTION - JANUARY 1, 1999 2) CREATION OF THE EUROPEAN MONETARY UNION 3) THE MAASTRICHT TREATY 4) WHY A SINGLE CURRENCY? 5) THE STRUCTURE OF THE ECB AND ESCB 6) POSSIBLE PROBLEMS 7) HOW DOES IT AFFECT THE UNITED STATES? 8) THE CURRENT SITUATION AND FUTURE OF THE EURO 9) CONCLUSION INTRODUCTION - JANUARY 1, 1999 On January 1, 1999 the eleven countries that make up the European Monetary Union (EMU) officially adopted the Euro as the single currency for the economic region. Currently the participating countries of …showed first 75 words of 3853 total…

…showed last 75 words of 3853 total…that the U.S. economy is so strong, it overshadowed the Euro. Investors have been doing so well in the United States that they have not been willing to put any of their money on Europe. As of Friday August 11, 2000 the Euro is at 90.33 cents, after a 6.4 percent drop from its current peak of 96.49 on June 16. That is still down 22.6 percent from its debut back in January of 1999. CONCLUSION note: missing end of paper