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Mundell, Robert A., influential economist
Western European Union
1999: European Union Launches New Single Currency, the Euro
On January 1, 1999, 11 European nations officially launched the euro, the European Union's (EU's) new single currency. The event, which marked one of the most far-reaching changes in the world's monetary system since World War II (1939-1945), was widely hailed as a major step toward Europe's...
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