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To: Claude Cormier who wrote (80677)	1/11/2002 2:44:43 PM
From: long-gone	Respond to of 116753

education currency reprint: EUobserver.com Prodi: Eurozone membership is eternal marriage The president of the European Commission Romano Prodi believes that membership in the Eurozone is a “definitive marriage” and thus he feels the need for a good economic policy across the Eurozone, to keep the marriage solid. "You cannot leave the Eurozone once you´re in", Prodi said on Wednesday. Speaking to the press together with the economic and monetary affairs commissioner Pedro Solbes, Mr Prodi confirmed that in some countries there were increases in prices after the Euro change-over. Romano Prodi believes that so far there are not any significant signs that price increases will have an impact on inflation, but the Commission will be monitoring this matter. However, it was emphasised that each country within the Eurozone, should monitor the prices amid complaints by various consumers. In four countries, the prices have been rounded down due to the changeover: in Germany, Belgium, Italy and France. So far, Ireland and the Netherlands have performed well during the Euro changeover. The Netherlands is also the only country which so far has all its transactions in Euro. However the European Commission is hoping that by the end of this week, 90% of all the transactions within the Eurozone, will be made in Euro. Mr Prodi and Mr Solbes also hoped that the single currency will be better perceived in the countries that refused to adopt the Euro, as the successful introduction of the Euro notes and coins will destroy the arguments of the Eurosceptics, predicting an economic catastrophe over the changeover. The Commission believes the physical introduction of the new money will make the Euro more popular with the public in the UK, Denmark and Sweden. The Commission’s president welcomed the statement of Swedish prime minister Göran Persson saying that a referendum on adopting the single currency would be organised in Sweden next year. Written by Sharon Spiteri, Daniela Spinant Edited by Daniela Spinant