The English press is not so positive. Paul De Grauwe, professor of economics and member of Belgium's Parliament, has got some doubts about €uro. He thinks that the currency can't work well because it has got some important gaps. First of all €uroland is an unfinished project because many important matters are still in the hands of the national governement instead of be dealt at the European level. De Grauwe supports that some serious conflicts could rise when economic conditions diverge within €uroland. He' s realistic and thinks that the " €uro Progect " could finish in two ways: in the first one the European leaders start working hard to fill the gaps, in the second one many disagreements rise between the E.C.B. and the national authorities and the €uro becomes weaker and weaker. He thinks also that Europe needs a political integration to work well. Jean Claude Trichet, member of the Governing Council of the E.C.B., thinks that the Europeans must respect four conditions. The first is the credibility of the monetary policy: the €uro must get the trust of the others states which we have to deal with. The second is the respect of the Maastricht Treaty: it's very helpful to have a medium-term objective to reach. The third is that the eleven states that will adopt the €uro must undertake structural reforms. The last condition is that the European leaders must conduct a pre-€uro policy to control the economic situation of their own states. Only if the European citizens will achieve these four conditions, the €uro will ensure prosperity to all Europe.

                                                                                                 Alessandra Basile