The problem with quick-fire solutions to disputes is that in contrast with established mechanisms that create agreement and ongoing norms with regard to labor relations, strikes and courts just hasten the advent of the next dispute. This is an inefficient process that leads to a waste of time and resources in the economy  3.
The introduction of the euro will result in • a fundamental change in European money, bond and equity markets • higher transparency of financial markets • intensified competition among financial institutions operating in Europe • further promotion of technological changes and deregulation. 2  European Commission, Economic Forecasts Spring 1999.