Financial innovations are currently displacing traditional methods of Euro-currency financing, while in Germany and Japan there is talk of establishing international free banking zones along American lines. What are the reasons for these developments and how are they affecting the Euromarket?

Demands for control of the expanding Euromarkets have been voiced for some time. On what grounds are they based? What form could this control take? These issues are discussed by Manfred Lahnstein. Further comments on these problems can be found in the following article by Wilfried Guth.