OUT-LINE SYNTHESIS OF ARGUMENTS DEALT IN THE SIXTEEN ARTICLES COLLECTED DURING THE SUMMER MONTHS (June-August)
Examination executed on the following dailys:
| SUBJECT | EXPRESSED OPINIONS | REASONS AND EFFECT |
| Romano Prodi
President of the European Commission) |
"If Italien inflation continues at these levels Italy will not stay for a long time into the EURO" |
Effect: EURO currency lost sharel 1.035on $
|
|
Mario Monti European super intendent for the competition |
"Europeans citizens will be interested in EURO only when it will enter in vigour" | |
|
Wim
Duisenberg |
“For a stable EURO we must reduce the deficit of Europeans states” | |
|
Antonio
Fazio |
“To the operators the Europeans situation is significant since the American is taken into consideration” | |
| FMI |
“EURO is weak because the growth is slow” | Effect:
although EURO isweak there isn’t any increase in the exportation,
because it is still a virtual currency for the commerce |
| European politicians | They see a weak EURO a symbol of a weak ideal of “United Europe” | |
|
Media
opinions of a study published by FMI |
“It’s important that other problems will not arise:(political conflict and /or electoral results )as to push countries out of UE. This risk is to be dealt with economical and monetary decisions and political-istitutional choises”. |
COMMENTARY
From this series of articles it appears that operators have very negative and
pessimistic opinions, they think that some economic shrewdness, such as the
reduction of deficit and inflation are necessary to stabilize the coin. Besides
we note scarce interest from foreign operators to words the European situation
and the same Europeans will feel involved only when the coin gets into course.
This virtualits of the coin make it in possible any advantages ofa weak currency.
Besides this weak EURO, in politics' opinions, reflect weak ideal of the same
UE. Other operators are concerned to avoid other problems that might cause some
countries of the unique coin leave the union.