Europeans Begin Run for the Money
It’s still seven years away, but the race to create Europe’s currency of the future, the ecu, began Thursday with the announcement of a contest for the best design.
“It will be our daily money, a symbol of the oneness of European people,” said Jean-Pierre Cot, a French member of the European Parliament and leader of the assembly’s Socialist group. The Socialists, the largest political bloc in the 518-member assembly, are sponsoring the contest.
Officials say the new money will probably bear the European Community symbol of 12 gold stars in a circle, and countries may be allowed to retain at least one national symbol.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
