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European Community Currency

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NEWS
June 9, 1992 | TYLER MARSHALL and JOEL HAVEMANN, TIMES STAFF WRITERS
The glow is fading from Europe's dream. Faced with the hard reality of the once-utopian idea of forging a de facto United States of Europe with a single currency, the citizens of the Old World are beginning to balk. Denmark's dramatic "no"--in a referendum last week on a treaty that would bind the 12 European Community nations into a political and economic union by the end of the century--does not mark the end of the dream.
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BUSINESS
September 22, 1992 | JAMES M. GOMEZ and CRISTINA LEE, TIMES STAFF WRITERS
Executives in boardrooms across Orange County breathed a collective sigh of relief Monday, saying they hope that France's ratification of a wide-ranging treaty on European economic and political unity will make international business prospects less shaky for now.
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BUSINESS
September 22, 1992 | JAMES M. GOMEZ and CRISTINA LEE, TIMES STAFF WRITERS
Executives in boardrooms across Orange County breathed a collective sigh of relief Monday, saying they hope that France's ratification of a wide-ranging treaty on European economic and political unity will make international business prospects less shaky for now.
NEWS
June 9, 1992 | TYLER MARSHALL and JOEL HAVEMANN, TIMES STAFF WRITERS
The glow is fading from Europe's dream. Faced with the hard reality of the once-utopian idea of forging a de facto United States of Europe with a single currency, the citizens of the Old World are beginning to balk. Denmark's dramatic "no"--in a referendum last week on a treaty that would bind the 12 European Community nations into a political and economic union by the end of the century--does not mark the end of the dream.
NEWS
November 29, 1990 | From Times Wire Services
Britain's new prime minister, John Major, said today he expects an early meeting with President Bush. Speaking for the first time in Parliament as prime minister, Major said he hopes to meet Bush "this side of Christmas" on the Persian Gulf crisis and other issues. He was speaking in answer to a question and said no exact date had been set.
NEWS
May 28, 1993 | WILLIAM TUOHY, TIMES STAFF WRITER
Prime Minister John Major, acting Thursday to "refresh" his embattled government, removed Chancellor of the Exchequer Norman Lamont, who has taken much of the blame for Britain's long-running recession. In a shake-up of senior Cabinet ranks, Home Secretary Kenneth Clarke replaced Lamont as the equivalent of finance minister, and Clarke was succeeded by Environment Secretary Michael Howard.
BUSINESS
February 1, 1993 | From Associated Press
Turmoil in the European Community's currency grid has claimed another victim and cast fresh doubts on the viability of the system and plans for an economic and monetary union in the coming years. The Irish pound, or punt, was the latest European currency put on the chopping block after the government agreed late Saturday on a sharp 10% cut in its value.
BUSINESS
August 12, 1988 | From Reuters
The commercial on British television gets straight to the point. "Industry must be ready when Europe opens for business. Ring 200-1992." Business people who dial that number are put through to a hot line at Britain's Department of Trade and Industry. They are told of the money-making opportunities that will open up in 1992, when the European Community plans to abolish all trade barriers between its 12 member nations and remake itself a single market of 320 million souls.
NEWS
October 29, 1987 | NANCY RIVERA BROOKS and JONATHAN PETERSON, Times Staff Writers
Financial anxiety leaped from the stock market to the currency markets Wednesday, as the dollar traded at its lowest point in years against several foreign currencies despite the intervention of the Federal Reserve and other central banks. The immediate catalyst for the dollar's plunge was a remark by Jacques Delors, president of the European Community Commission, who reportedly said that the United States is willing to let the dollar slump significantly further against the West German mark.
BUSINESS
February 2, 1993 | Highlights of Monday's market activity, compiled from Times staff and wire reports:
Stocks followed through on last week's rally with a convincing advance amid more signs that the economy is on track. Blue chips continued to outpace smaller stocks. * The dollar surged anew, benefiting from turmoil among European currencies and more favorable news about the U.S. economy. * Treasury bond yields closed slightly higher, pressured by more signs of economic revival.
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