International Economic Events in March 2000

Stock exchanges in Paris, Amsterdam and Brussels announce merger to form Euronext - the largest single stock exchange in continental Europe.

Prof. Allan Meltzer Committee set up by US Congress recommends drastic reduction in size and operations of IMF and IBRD.

Global mobile phone company, Iridium goes bankrupt. Gives up search for new backers while bankruptcy judge in New York permits the company to cut off service to 55,000 customers and destroy its satellites.