Bankers’ capital idea

Series Title
Series Details 14/11/96, Volume 2, Number 42
Publication Date 14/11/1996
Content Type

Date: 14/11/1996

Puzzled by EMU? Perplexed by ERM II? Bemused by Stage Three? Don't worry, you should be, according to traders at US investment bank Paine Webber, who clearly do not have enough work to do, because they have noticed what no politician has yet spotted - that the first letters of the names of the eight nations which are the front runners to join the single currency on time in 1999 spell BAFFLING.

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