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yoyo530521

yoyo530521

For more than three decades, the European vision has included the objective of achieving a single currency for Europe. The original proposals set out in the 1972Werner report foresaw monetary union by 1980 but implementation was derailed by the 1970s' oil shock and the worldwide move to floating exchange rates. More recently, a single currency has been seen as a necessary element in order to complete the European Union's single market. Without such a reform, exchange rate fluctuations which result from trading between currencies create major barriers to cross border trade and investment within Europe.

30多年以来，欧洲幻想便包括实现欧洲单一货币的目标。最初的建议于1972年的沃纳报告。报告预见到1980年欧洲会统一货币。但是该计划受到70年代石油危机以及全球范围内实行浮动汇率的影响而未能实行。到了后来，为了实现欧盟统一市场，单一货币已经成为其中的一个必要因素。没有这样的改革，不同货币之间的贸易会引起汇率的波动，从而给欧洲内部的跨境贸易及投资设置不小的障碍。

ttpttpjohn

for more than three decades, the european vision has included the objective of achieving a  single currency for europe. the original proposal set out in the 1972 Warner report, ,moresoover,monitering union by 1980, but inplementation is derailed by 1970s' oil shock, and worldwide move to floating exchanging rates, more recently a single currency has been a necessary element in order to complete the european's in-union single market,without such reform the exchange fluctuations which results from trading between currencies create major barriers across border trade and investment within europe.