Word: euros
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...euro is a cashless currency. Euro coins and bills will not enter circulation until...
Meanwhile, the euro is the currency used for all non-cash transactions (such as credit card purchases and bank transfers) and for official bookkeeping in the 11 euro nations--Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain...
...until 2002 the euro nations will continue using their marks, francs and other currencies, but their rate of exchange with the euro is now fixed and will not change in relation to the euro or each other...
Harvard's long-term Policy Portfolio, the base for its year-to-year investment strategy, contains 8.9 percent in euro-based bonds and equities. 6.15 percent of the portfolio is in euro-based equities, shares in companies based in the 11 countries, 2.75 percent is in bonds in the Euroland countries. The University also has a small amount of real estate in the euro-based countries...
...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...