Word: europeanize
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Dates: during 1990-1999
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...impact of European Monetary Union (EMU) begins reverberating through the world's markets, Harvard's top money managers say their investment strategy remains relatively unchanged...
...Year's Day, 11 of the nations that belong to the 15-nation European Union (EU) took an epochal step toward unifying Western Europe as they officially adopted a new common currency, known simply as the euro. Banks, investment firms and companies spent the holiday weekend making final preparations to begin dealing in the new currency this past Monday...
These 11 countries, called Euroland, have already surrendered much of their economic autonomy to the European Central Bank in Frankfurt, an institution established to centralize monetary policy...
...hardly comes as a surprise. Europe has talked about economic union since the 1951 Treaty of Paris joined six European countries in the first step toward the EU, but the euro is the most tangible move yet toward unification...
...Harvard held more than 1 million shares in Chrysler, which has since merged with Daimler-Benz and is now a pan-European corporation. Daimler-Chrysler was one of the first companies to convert to operating entirely in the euro and is expected to profit greatly from the new currency...