>You have to give the
>Eurobourgeoisie credit: for all their alleged stodginess and inability to
>match wits with ever-flexible Americans, they're clearly setting up
>the necessary institutional structures for a unified currency. Anyone know
>when EU governments are actually going to start issue eurobonds instead of
>DM/franc/lirabonds?
I think most governments intend to issue in euro (in euros?) pretty soon after the currency is born on January 1, 1999.
Dennis, for all your Euro-enthusiasm, the EIB's plans to issue benchmark eurobonds, and the transformation of existing national bond and stock markets into euro-denominated ones, is a major step towards the creation of U.S.-style securities markets, and with it the associated governance structures.
Doug