Even exports to some parts of East Asia increased during that period - to Hong Kong by 29 per cent and to Singapore by 27 per cent.
Introduction The period of the five months following the introduction of the euro has been very rich in new events, with significant developments taking place both in the continental securities markets and in the financial system as a whole. Although experience has been gathered over a relatively short period of time, I am tempted to make two observations of a fundamental nature.