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EMU And The Ghosts Of Germany’s Past

LONDON: Chancellor Helmut Kohl has said that the economic and monetary union of Europe agreed in the Maastricht treaty is "a question of war and peace in the 21st century." Despite coming from the lips of a German leader and being delivered in Belgium -- the most war-torn country of western Europe -- the significance of these words were soon lost in the deluge of economic forecasts and monetary statistics which dominate discussion of European Monetary Union (EMU).

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