Discover how the European Monetary System (EMS) stabilized currencies and laid the groundwork for the euro, creating economic unity in Europe from 1979 onwards.
Cartoon by the French cartoonist Plantu, from March 1979, showing the new ECU as a guide and lifeboat for the nine participating countries (Source: Plantu. Le douanier se fait la malle, 20 ans de ...
The European single currency shot to an all-time high of 1.3879 dollars Wednesday on fears of a recession in the United States and the prospect of lower interest rates in the world's biggest economy.
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