There is now talk of Cyprus being booted out of the European Monetary Union.
FORBES: A.M. Kitco Metals Roundup: Gold Near Steady as Bulls Gain More Confidence
So the European monetary union did not fall apart, despite the dire predictions of the pundits in late 2011.
And Pierre Werner, a former prime minister of the Grand Duchy, wrote the first report proposing European monetary union.
European monetary union meant the loss of responsibility for monetary and exchange-rate policies.
But this Jan. 1 the euro became the mandatory circulating currency in the 12 countries forming the European Monetary Union.
But the future prosperity of Greece, as well as the stability of the European Monetary Union, depends on their success.
The tax got a brief boost in 1992-93 when hedge funds seemed to threaten the dream of European monetary union.
This situation is messy and many believe it cannot be resolved without Greece being kicked out of the European monetary union.
FORBES: Comex Gold Ends Sharply Lower amid Stronger U.S. Dollar Index, Lower Crude Oil
But European Monetary Union has been challenged as the bailout of Greece thrust the spotlight on the uneven economics among member nations.
Jen says there have been two large currency zones operating for the last decade: The European Monetary Union and the defacto dollar zone.
The objective of the SGP was for strict fiscal discipline to be maintained and enforced in the process of European Monetary Union (EMU).
When the ECB came into existence on June 1, 1998, its overriding objective was to maintain price stability within the European Monetary Union.
When the time comes, surely say left-wing euro-hopers he would not block France's historic entry into a European monetary union largely designed by the French Socialists themselves.
The CPI was first created in 1996 to conform to the requirement for a standard, European-wide, measure of inflation for the purposes of European monetary union.
Meanwhile, our friends across the Atlantic are feeling the pressure as bond vigilantes continue to train their fire on the weakest members of the European Monetary Union.
FORBES: Understanding The Fed Via Spinal Tap: Gimme Some Money
One of the architects of European monetary union, Germany's former chancellor Helmut Schmidt, meanwhile, derided critics of the euro, saying there was no reason to panic over such currency fluctuations.
So we are really asked to bail out banks, but given that banks are hated so much we are told that we are saving the Club Med countries and the European Monetary Union.
FORBES: Fanning The Financial Crisis: Has Regulation Gone Wrong?
The ECB's wake-up call is likely to come when its statistics department discovers that credit growth in the euro area has contracted for the first time since the formation of the European Monetary Union, says Cailloux.
German Chancellor Helmut Kohl, UK Prime Minister John Major and French President Francois Mitterrand toasted their agreement to pursue European Monetary Union over a lunch of lobster in a lemon and courgette chutney, followed by pheasant.
Citing sources in the German Finance Ministry, Der Spiegel reported that Finance Minister Wolfgang Schaulbe was attending the meeting with an internal report to stress the massively negative repercussions a Greek exit from the European Monetary Union could have.
FORBES: Greek Finance Ministry Says Report Of Eurozone Exit Is 'Completely Untrue'
That mood was tempered Friday by comments from the Greek prime minister, who reiterated his view that there was "absolutely no risk" of default on Greece's government debt and added that there was no possibility of Greece leaving the European Monetary Union.
The shameful trouble is that for all the meeting, summitry grand statements and fund raising programmes the European Monetary Union and indeed the European Union (EU) is so rife with bureaucracy that the very purpose of the EU has to be addressed.
The economists also had a better view of the troubles facing the euro zone, with 76 percent saying all 17 members of the European Monetary Union will still be members a year from now, compared to 47 percent who said so in the September survey.
In the next years, if the European Union manages to think out of the box and to adopt original measures to reinforce the governance of the eurozone, such as the undergoing banking union and the announced fiscal and political unions, the original misconceptions of the European Monetary Union (EMU) will be fixed.
FORBES: Europe : Getting The Nobel Peace Prize And Preparing For The Nobel Prize In Economics?
Critics of European economic and monetary union have wasted no time before claiming that the euro's slide only goes to show what a disastrous idea the single currency is.
Will European Economic and Monetary Union (EMU) still exist?
However, the way that the European Union and the eurozone are set up a country leaving the monetary union would be considered to be a shocking defeat for the whole European ideal.
There are reports the European Union and International Monetary Fund have reached a debt relief deal with Greece.
FORBES: Comex Gold, Silver Lower Early as Traders Await Key U.S. Jobs Data
The current European Union and International Monetary Fund plan to revive the Greek economy and its finances has failed.
He praises Jean Monnet's dream of Europe proceeding via tariff union through monetary union to political union, and says European leaders should make this a reality.
应用推荐