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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.44

-1.2%

Nov 14 4:00 PM EST

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To: Bobby Yellin who wrote (43468)	10/21/1999 11:36:00 AM
From: Alex	Read Replies (1) of 116762

Italy's Amato says euro has potential to challenge dlr as reserve currency PARIS (AFX) - Italian Treasury Minister Giuliano Amato said the euro has "big potential" to challenge the dollar as a reserve currency. Speaking at a European Investment Bank conference, Amato acknowledged that the euro had had a "mixed performance" against the dollar in the foreign exchange market this year, but said that in the medium term the euro's level will be increasingly based on economic fundamentals. Amato said European structural reforms have not advanced as quickly as progress in budget policies, with adverse results for growth and job creation. There is a need for "informal screening" at European level to get rid of anticompetitive state regulations, he said. "European coordination in structural reform is something we have to learn," he said. vog/cl/sw/lj For more information and to contact AFX: www.afxnews.com and www.afxpress.com ¸ Copyright 1999, The Nasdaq Stock Market, Inc. All Rights Reserved. Please read our Disclaimer, Trademarks, and Privacy Statement. nasdaq.co.uk

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