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Preparing for E-Day

The merger of currencies may signal broader consolidation ahead. By Nicholas Pratt

Two years after 2000, Europe faces a new deadline: the European Union’s public adoption of the Euro on Jan. 1 ("E-Day," as it has been dubbed). Of course, this is just the final step in the new currency’s acceptance--payments and securities transactions between banks have used the Euro since 1999. However, critics warn complete conversion may not be without glitches, and some market forecasters

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