Jump to navigation

Vol 37 No 11

Published 24th May 1996

Safer franc?

It is not only in Europe that there are worries about an eventual single currency

In April, French Finance Minister Jean Arthuis told a worried ministerial meeting of the Franc Zone in Chad that European Monetary Union (EMU) would not affect the mechanisms of the CFA franc. (EMU is due in 1999, though many experts are sceptical). This may not have entirely reassured the African delegates: in a monetary union, France would not entirely control its own monetary mechanisms, let alone other people's.

End of preview - This article contains approximately 935 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.