Part 1 of Essay
The advent of the new European Monetary Union (EMU) is quite fascinating. The history that has led up to the events that are occurring today is intriguing as well. History is in the making! The are many details involved in this process. There has never formally been anything like the system that is ready to be put in p ....

Part 2 of Essay
.... paragraphs we intend to show the progression of events leading up to the construction of the EMU; the emergence, objectives and tasks of the new system of central banking (formally known as the European System of Central Banks); the various qualifications for joining the Union; the differing opinions about the currency integration; and to top it all off, included is an outline of the draft designs for the new Euro banknotes. To begin our journey on the road to the EMU, we begin with a brief review of the history ....