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Article: News: International: Closer EU ties `will salvage sinking euro'
- Article from:
- The Sunday Telegraph London
- Article date:
- May 14, 2000
- Author:
CopyrightCopyright 2000 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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THE French and German governments have resolved to reverse the
euro's relentless slide by launching the EU on a fresh course of
political integration during a summit near Paris this week.
After a catastrophic month for the fledgling currency, struggling
to maintain an exchange value of 90 US cents, senior political
figures on both sides of the Rhine have decided that the only way to
boost confidence in the future of the euro is through a show of
political ambition.
Paris in particular has watched with dismay as Tony Blair's
Government, despite keeping Britain outside the euro, has exploited
the cooling Franco-German relationship to capture the high ground of
European political debate. The ...