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Stage Three of the European Monetary Union (EMU) will start on January 1, 1999. The new currency area, for which the name "Euroland" has been coined, will comprise 11 countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. The...
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The cyclical situation at the beginning of the European Monetary Union (EMU) is favorable: The upswing in Euroland has firmed, unemployment is going down, and inflation is low. However, economic growth outside the new currency area has weakened significantly during 1998, and fears are mounting...
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The expansion of Western European production accelerated in the first half of 1997. Exports were the main engine, driven by a devaluation of European currencies and strong growth abroad. Domestic demand also picked up somewhat led by investment in machinery and equipment. Inflation remained at...
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zulegen. Dabei wird die Expansion Deutschland etwas höher sein als im übrigen Euroraum. Im Verlauf des kommenden Jahres wird … Arbeitslosigkeit sinkt unter 7 Prozent. - [Aufschwung in Deutschland setzt sich nur wenig verlangsamt fort] Der Aufschwung in … Deutschland setzt sich kraftvoll fort. Anders als bisher von uns erwartet, dürfte die gesamtwirtschaftliche Produktion zu …
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