Arestis, Philip; Sawyer, Malcolm C. - 2000
The euro was adopted as legal tender, albeit in a virtual form, by 11 countries of the European Union on January 1 … phased out during the first six months of that year and that the euro would be fully operational by 2002. This paper first … reviews the current position of the EMU member states in relation to the convergence criteria under the Maastricht Treaty and …