euro introduction impact on


the east








by radulescu cristian robert
seria d grupa 121
fac de management



the euro will change the lives of people living in western europe when it is introduced into circulation at the start of next year. but it will also affect people living in eastern europe and the former soviet union, where the german mark is widely held and used as a transaction currency. those marks will cease circulating shortly after the euros introduction. in this third of a three-part series on the common currency, rferl correspondent mark baker looks at what impact the euro will have outside the 12-nation euro-zone.
prague, 15 june 2001 rferl -- the german central bank the bundesbank estimates that more than one out of every three german marks circulates outside of germa...