Homogeneity of Economic Performance of the Euro-Land: A Statistical Analysis‪.‬

Abstract The emergence of Europe as an increasingly united community will be one of the significant developments in the 21st century. Europeans have come a long way from the 1957 Treaty of Rome, which dealt primarily with the trade of iron and steel, to the 1992 Treaty of Maastricht (ratified in 1993), which set the tone for the European Union. Although they still have to cope with several harmonization and standardization issues, the European Union is well underway within the Economic European Community. This paper examines the economic performance of the member countries of what is sometimes referred to as euro-land. We will employ the following four variables-GDP, pre-euro-dollar exchange rate, euro-land inflation, and unemployment rate--as indicators of current unity of the member countries, and forecast the future of the euro based on these four determinants.