"Growing Like Gangbusters"

Business Week, August 28, 2000, pp. 60-61.

 

Synopsis:

One of the indicators to judge the strength or weakness of the euro-zone economy is the trend of the value of its currency, euro. Generally speaking, when a currency becomes weaker, it may indicate that something has got to be wrong. As this article explains, however, the euro-economy becomes more resilient by the day even though the euro has lost a quarter of its value since its launch at the beginning of 1999. Increasing domestic demand, coupled with the recent structural reforms in several euro-zone countries, makes the future of the euro-zone economy look even better. This article also explains the impact of the stronger euro-zone economy on its companies' foreign direct investment in the U.S.

 

Full-text Article: http://www.businessweek.com/2000/00_38/b3699220.htm

 

Text connection:

Chapter 10 "The International Monetary System" (pp. 321-323) and Chapter 8 "Regional Economic Integration" (pp.237-247).