THE WHITE HOUSE
Office of the Press Secretary (Palo Alto, California) ________________________________________________________________________ For Immediate Release May 3, 1998
STATEMENT BY THE PRESIDENT
We welcome this weekend's historic announcement that eleven European countries have qualified for, and decided to establish, an Economic and Monetary Union (EMU). The United States has long supported European integration. We admire the determination that Europe has shown in moving forward toward the economic convergence that makes EMU possible. A strong and stable Europe, with open markets and healthy growth, is good for America and for the world. A successful EMU that contributes to a dynamic Europe is clearly in our best interest.