【全國英語等級(jí)考試四級(jí)】Unit 3 經(jīng)濟(jì)I- passage (3/4)

This is so because the reduced exchange rate fluctuation can be built into the firm's export plans and prices. Some form of fixed exchange rate is a minimum requirement for a single European market. Finally, with a single currency, Europe will be represented as a single member with a strong voice in a world economy dominated by Japan, the United States, and Europe. Thus, Europe will have a stronger voice in such a milieu than in the present setup where the annual GT meetings, though including no less than four European powers-France, Italy,Germany and the United Kingdom-as well as Japan, the United States, and Canada, do so on the basis that each country represents itself and the Pan-European interest is not necessarily expressed. Traditionally, governments use interest rates to regulate demend for their currencies. Entry into a single European currency will rob individual countries of the right and ability to use interest rates in the fight against inflation.