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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: GOLDFINGER who wrote (4957)	7/5/2001 7:36:32 AM
From: long-gone	Read Replies (1) of 116759

Subscribe to ENews newsletters Belgium to lead European Union through currency conversion BRUSSELS, Belgium (July 1, 2001 07:13 p.m. EDT ) - Belgium took over the rotating presidency of the European Union on Sunday, and is expected to shepherd the EU through its launch of a "drastic monetary revolution" and continued talks with aspiring members. New Year's Day will mark Europe's greatest money swap when 300 million people in 12 countries start paying with crisp new euro bills and shiny new euro coins. Belgian Prime Minister Guy Verhofstadt has called the move "the most drastic monetary revolution in modern financial history." The 48-year-old Flemish liberal is also expected to give strong support to the European Union's plan to take on new members in eastern and central Europe - a move that he describes as an historic step to end East-West divisions. In December, Verhofstadt will host a summit in the Brussels suburb of Laeken, where the 15 EU leaders have set themselves the lofty aim of pointing the future direction of their Union as it expands to take in Poland, Hungary and up to 10 other potential new members over the next few years. After a summit last month in Goteborg, Sweden, set a 2004 target date for bringing in the first candidates, it's up to Belgium to ensure the pace of negotiations does not slacken as the EU enters the most sensitive areas, such as sharing out EU farm subsidies and limiting the free movement of workers. Verhofstadt will also be expected to help persuade Irish voters to reverse the result of their July 7 referendum, which rejected the EU's blueprint for expansion. world News Copyright © 2001 Interest!ALERT interestalert.com

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