The Significance of the European Economic and Monetary Union: in Europe and Beyond

The Significance of the European Economic and Monetary Union: In Europe and Beyond

- Speaker: Tue Rohsted, Ambassador to Korea, EC Delegation

- Date : April 28, 1998.

"Currently, the US account for 16.6% of world trade. Yet 50% of the world's commercial transactions and 80% of its financial transactions are in dollars. Although the euro will not lead to an overnight shift on the currency markets, we do expect to see a continued move away from the dollar, a process which is already underway...”