Word: euros
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...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...
...final analysis the euro makes Europe astronger investment climate," Frieden said. "BigEuropean corporations will be the principlebeneficiaries...
...others disagree, saying that in the longrun the euro will have little effect on theprofits shareholders accrue from Europeancompanies...
...sure that I would be any more inclinedto make any long term investments in Europe than Iwas before the euro came into being," said DaniRodrik, who is the Hariri professor ofinternational political economy at the John F.Kennedy School of Government...
...euro and the dollar will be the world'sinternational currencies," Frieden said. "The twowill engage in a healthy rivalry...