EMU and Madrid Summit

European Monetary Union (EMU) is on its way. At the recent

Madrid summit a framework for the changeover was decided. EMU

starts in January 1999 with those countries that fulfill the

We hope you're enjoying Project Syndicate.

To continue reading, subscribe now.


Get unlimited access to PS premium content, including in-depth commentaries, book reviews, exclusive interviews, On Point, the Big Picture, the PS Archive, and our annual year-ahead magazine.


Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated cookie policy and privacy policy.