Betting on The New Euro

Savvy U.S. investors see opportunity in Europe's first unified currency

Wake up and smell the espresso, America. There's a revolution brewing in Europe, and it could hit you right where it counts: in the pocketbook. On Jan. 1, the currencies of 11 European Union countries will be officially replaced by a central monetary unit called the euro. It will take three years for the old deutsche mark, franc and lira coins and bank notes to disappear, but in less than two months their values will be pegged to that of the euro. And savvy U.S. investors are moving to take advantage of investment opportunities offered by the new currency.

Euroland's newly...

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