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Europe Daily Bulletin No. 7626

5 January 2000
GENERAL NEWS / (eu) eu/ecb
According to Mr. Padoa-Schioppa, "the Eurosystem needs development subsequent to the European integration process"

Frankfurt, 04/01/2000 (Agence Europe) - Tommaso Padoa-Schioppa, the member of the Executive Board of the European Central Bank responsible for international issues, has, in an interview with "Le Monde" published on 30 December, underlined the difficulty for the Euro represented in its "being a currency without State." Many people "believe that monetary union without political union was premature"; he was not of this opinion, but that "the Eurosystem needs development subsequent to the...

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