1. The state of the UK economy 2003
... Euro on 1st January 2001. On 1st January 2002, these 12 countries officially introduced the Euro banknotes and coins as legal tender. Since its launch, the Euro progressively weakened until October 2000 and has shown the greater instability, while the GBP has held its value. The US Dollar is used to benchmark against other currencies. The Euro reached a low point on ... find new opportunities to expand. On the other hand, the weaker industries would have to adapt to an environment of increased competition. EMU entry would also have important macroeconomic implications for UK industry. T...
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