mend. Some suppliers may be dropped in order to keep operations running smoothly leaving behind the hassles of dealing outside the Euro. Whether or not a business lies within the EMU running into the Euro will be inevitable as time passes.Traveling in Europe will be less of a hassle in regards to exchanging currency. For the time being people have the choice to disregard the single currency until 2002 or they can embrace it and possibly save some money.2 Almost all businesses are displaying Euro prices next to the national currency. Travelers are then able to instantly see if they are getting their monies worth without the need to use a calculator to convert currencies. Pricing will be consistent throughout the EMU. People will be able to compare the prices of similar items in different countries of the eurozone.2 Also people will not have the worry about of useless currency when crossing boarders. The Euro will be legal tender throughout the EMU. For example, the Euro check will be exchangeable into any of the currencies within the “eurozone”.2 When they use Deutschmark checks within Germany they pay no exchange fees. However, when they cash these checks in Paris France exchange fees will apply An Euro check will be directly exchangeable with no exchange fees all around the eurozone.2 Other than seeing Euro figures on their statements business travels will not see much difference when traveling with the Euro. Regardless of whether travelers will be crossing the region or on their annual package vacation travel around the EMU will be different.With the introduction of the Euro major changes will take place to the international monetary system. The European Monetary Union, EMU, will create an area that will closely resemble the Untied States in terms of magnitude of its domestic economy and its degree of openness.3 Accounting for about 18% of the world gross domestic product it mirrors the United States 18% as well. The euroz...
