Euro notes

Cracks appearing in the eurozone... Economic divergence amoung Eurozone countries is causing serious concern to the ECB, which has indicataded that the six-year-old monetary union is not working as effectively as it had hoped. In a speech in June at an ECB conference in Frankfurt, Lucas Papademos, the ECD's vice-president, said that the "significant and persistent divergences in measure of competitiveness between member countries ... [raised ] concerns about their impact on growth." Adjustmen