...) and convert their currency to the “euro”. The European Commission will have to completely equalize interest rates and inflation rates of all these countries before admitting them to join the EMU or there will be arbitrage profits and currency speculation, which will slow down the growth of the overall...

...Nick Potts This article contends that Marxist economic analysis can shed more light on the likely effect of the euro on the EU economy, and the UK economy if the UK were to join, than conventional neo‐classical macroeconomic analysis. Accumulated wealth/rentiers are incorporated into a model...

...Robert C. Rickards The euro’s introduction initially confronts a firm with a currency changeover problem affecting its accounting and reporting systems. The company’s controller can solve this initial problem by means of an electronic data processing project. For the project’s duration...

... are not the subject of this article, it is worth noting that one of the common objections to the euro is that it is not easy to operate monetary policy on averages across a currency area. It is difficult enough running a country like the UK under a single currency, even though it has relatively well-integrated...

... that an alternative economic ideology provides. © MCB UP Limited 2001 Next Kalecki goes on to explain businesses’ even more fundamental opposition to the maintenance of full employment: Europe Macroeconomics Single currency Euro To the casual observer the row at the May 1998 EU Summit...