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Preparations for the European Monetary Union, EMU, and the single currency, EURO, are now entering the final stages. On May 1st, the EU Ministers of Finance (the so called ECOFIN Council) meet to agree on a recommendation which countries shall be allowed to participate in EUM from the start. The EU parliament neet on May 2nd to discuss and vote, and the final decision is taken by the European Council (the prime ministers of the 15 national states in EU) on May 3rd.

The final stage of EMU begns on January 1st 1999 when...

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