London Market Looks Ahead To Ecu Zone After Maastricht
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It's slowly beginning to sink in to traders in the London market after years of skepticism: a single European currency might actually happen. The Maastricht agreement committing the EC to a single currency in 1997, or at latest, 1999, means that those in the market who dismissed the prospect of currency union must now take it seriously. "There's no way back now," says Willy Kestens, president of the Association Cambiste Internationale and treasury director of Kredietbank in Brussels.
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