Central Banks shift reserves from US to Eurozone -- Jan. 24, 2005
Any rebalancing of central bank reserve portfolios has serious implications for the global financial system as the US has become increasingly dependent on official flows of funds to finance its current account deficit, estimated at $650bn in 2004.
Any reluctance to increase exposure to dollar assets further could cause the greenback to plunge on currency markets
http://news.ft.com/cms/s/9ef63678-6d7d-11d9-9b69-00000e2511c8.html

Will the Euro become the global standard for currency ?
Once a global value system is established common to all trading partners,
then will the subdermal chip become more applicable ?
Are we heading toward an International Economy ?
 

EU- Bruegel think tank ...global economics ( gov + corporations) -- Jan 18, 2005
The new body - named Bruegel (BRUssels European and Global Economic Laboratory) is set to be a high profile addition to the Brussels scene, with former Competition Commissioner Mario Monti as Chairman and well-known French economist Jean Pisani-Ferry as Director.

France and Germany have decided to launch a European initiative for the creation of a European centre for the
international economy devoted to these objectives.

There are 12 Member States contributing to its budget (Belgium, Denmark, France, Germany, Hungary, Ireland, Italy, the Netherlands, Poland, Slovenia, Spain and the UK) and 18 corporations, including DaimlerChrysler, PricewaterhouseCoopers, Siemens and Telecom Italia.
http://euobserver.com/?aid=18168&rk=1