From the introduction of the concrete Euro to the assessment of european ambitions

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The introduction of the Euro has consequences on the macroeconomic and microeconomic scenes. First of all, it implies the existence of a monetary reference area, including several states, due to be enlarged : the Euro zone. It also implies that the inhabitants of the Euro zone get used to a new currency as well as a new value referential ; this will be facilitated by the manipulation of coins and notes. Price level should be maintained : in other words, the inflation risks linked to the introduction of the single currency should be limited. Consumption is likely to remain more or less the same, not to increase or decrease dramatically. – Summary AFRI-2002