I want assistance to answer the following quesitons:
Problem 1: What are the implications of the establishment of the euro for (a) European consumers, (b) businesses based in the EU, (c) businesses based elsewhere in the world?
Problem 2: What are the benefits to Britian, Sweden, and Denmark of staying out of the euro zone? What are the potential costs? Do you think these countries will eventally join the euro zone?
Problem 3: What are the implications of the euro gaining ground at the expense of the US dollar as a major reserve currency for the world's central bank?