The risks can be covered, of course, but only at a cost that ultimately must be borne by customers. The market forces unleashed by the euro feel not only by the directors of companies, but also by political leaders. Business executives are already working to streamline their businesses, improve productivity and labour flexibility. Elected officials, face competition in its attempt to attract investments that create jobs, that contributory rates to businesses and simplify regulations. In doing so, Governments give corporations a boost, as the reduction in the cost of capital that occurred when countries tightened their fiscal and monetary policies in the preparation of European Monetary Union. These changes are mutually reinforcing. Oracle is open to suggestions. And to secure the eurozone companies have more safety to commit their resources to long-term projects. A look in the level of mergers of companies in recent years shows that managers have already intensified their strategic decision making.

Last year, Europe saw 237 deals with a value of $250 billion, of whom 25 per cent were cross-border transactions. In 1995, by contrast, there were only 100 offerings, by $ 168 billion dollars and only 17 per cent of cross-border transactions. The European zone will be a solid basis for companies that want to compete globally. In 1997, its total population was 290 million, compared with 268 million for the United States and 126 million for Japan. Its combined GDP was of 6.3 trillion dollars, against 7.8 trillion dollars from the United States and $4.2 billion for the Japan. Europe already trades with the rest of the world as much as United States does so, and the image will change in favour of Europe as soon as the United Kingdom, and others who have been left out of the first wave to join the euro. Such development as soon as possible better is something that satisfies us much. The launch of the new euro is one thing, but the successful management of the process of EMU in the next few years is quite another.