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Text D. Single Currency Not in Circulation Before 2002

A single currency from Paris to Lisbon is getting closer to reality. But EU citizens will have to wait until 2002—2003 before going shopping in ECUs. The “Monnaie de Paris” recently presented the prototypes for the European currency at an informal meeting of EU finance ministers in Versailles. Agreement has already been reached on the range of coins and notes and on the metals used, but the name of the future currency remains a key issue as the British and the Germans seem reluctant to use the original name, the ECU. The Germans have proposed the “Euro” as an alternative, but the real problem is the passage to the third phase of monetary union: this crucial step initially scheduled for 1997 is now more likely to occur in 1999. As the manufacturing of the coins and notes would take about 3 years, the new currency could not come into circulation before the beginning of the next century. The European Commission intends to use this time to make the single currency more familiar to citizens.

I. Translate Text D with a dictionary in written form.

1. Retell the text.

C O N V E R S A T I O N

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