UGLD - The Euro Is A Fundamentally Weak Currency - Just Ask The Ghost Of Yogi
The fortieth anniversary of the pan-European currency is only weeks away. On March 13, 1979, the European Monetary System ((EMS)) with its Exchange Rate Mechanism at the time, the ECU was born. After many rounds of tough negotiations and opposition from the United Kingdom, the Maastricht Treaty of 1993 created an economic and monetary union in 1999 which exchange the ECU for the euro currency. While the euro came into being in 1999, it was not until 2002 when euro notes and coins became to circulate and take over from the former national currencies. The