The author does not believe that the governments of the European Community - even supposing that they can agree on the matter - will succeed in imposing the ECU as a payment and reserve currency for use in the EEC's external trade. In the external market the choice of currency is free and a brand new currency will only be chosen if it is better than all the alternatives and if it has been successfully 'promoted'.
![A Stable External Currency for Europe [Paperback]](/itemImage/2/9/7/7/2_742584.jpg "A Stable External Currency for Europe [Paperback] xxx")