date, the euro has had immediate beneficial effects. Stability within the Euro zone has increased; the costs to businesses of currency exchange and risks associated with exchange rate fluctuations have been removed and economic growth has been promoted. All of these also benefited the United States. Global economic stability has been enhanced. U.S. exporters to, and investors in, the EU share in the cost savings. Growth in the European economy has been boosted, providing new opportunities for U.S. businesses. Therefore, the U.S. has a new opportunity to join in creating a powerful partnership with Europe on global economic and financial issues. Thus, the European currency has found stability (Patten).The euros chief objectives are to abolish exchange risk, facilitate efficiency improvements, and encourage price transparency in order to create a stronger competitive position for European companies. If U.S. companies can continue their relationships with European companies, we will be able to face many of the benefits discussed. Then again, it also gives other countries great motivation to intensify relations with EU countries. Many other countries will be competing for Europes business. Will this prove to be an advantage or disadvantage in the long run? In my opinion, the EU will become an even more effective partner for the U.S. It is evident that the U.S. is dedicated to increasing public understanding of the EU and its institutions. The fact that many American corporations are leading the field in manufacturing software with euro capabilities, for example Oracle, shows the significance in sustaining this bond....
