The Euro and Transatlantic Relations

منو

" The Euro and Transatlantic Relations "
COHEN, BENJAMIN J

Document Type	:	AL
Record Number	:	911316
Doc. No	:	LA0nh2g5rj
Title & Author	:	The Euro and Transatlantic Relations [Article]\ COHEN, BENJAMIN J
Date	:	2005
Title of Periodical	:	UC Santa Barbara
Abstract	:	How will the euro affect transatlantic relations? Even while partners in a political and military alliance, Europe and the United States have long been rivals in monetary affairs. Until recently, however, it was a rather one-sided contest, since Europe had no currency – not even the fabled Deutsche mark (DM) - that could effectively match the U.S. dollar as international money. Now Europe has the euro, which many have predicted will quickly emerge as a potent competitor to America’s greenback. Could growing rivalry between the dollar and the euro endanger the historic European-American partnership?