| Author: | McGrath, J. |
| Title: | Single currency, double whammy |
| Journal: | Euromoney
1996 : OCT, VOL. 10, p. 99-102 |
| Index terms: | EXCHANGE RATES FINLAND EUROPEAN MONETARY SYSTEM |
| Language: | eng |
| Abstract: | Finland's membership of the EU's exchange rate mechanism looks imminent and the country will be well placed to join monetary union. But Finnish banks, just coming out of recession, will need to cut costs and probably merge to keep their heads above water in the new, more competitive environment. On September 16 , Finland's prime minister, Paavo Lipponen, said his country would soon join the EU's exchange rate mechanism (ERM). he would not specify a date. Other ministers have been equally reticent, both in public and private. |
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