Warning: Use of undefined constant referer - assumed 'referer' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 102

Warning: Use of undefined constant host - assumed 'host' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 105

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 106

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 109
Economic And Monetary Union Of Europe - Example Papers

Economic And Monetary Union Of Europe

The main reason for creating a European Market was the growing
international competitiveness. In the mid of the eighties the European countries
recognized that in the long run the national economies alone won't be able to
compete against countries like the US, Japan and the new industrial centers in
East Asia. The biggest advantage of the European integration is the unique
chance of causing significant economic growth in the member countries by
abolishing all kinds of barriers e.g. customs controls, trade restrictions,
liberation of the movement of capital, tax harmonization, and by the opening of
the financial market, a common trade policy, a common service market, common
legal ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

economy which for sure would create new jobs in Europe.

The German population, however, is scared that a United Europe would
create new jobs only in low wage countries like e.g. Portugal. Many think that a
European market with no barriers would would even cause “job hollowing out” of
Germany. Moreover the German population likes the strength of the D-Mark and is
worried that a single European currency would be weaker. As a result of this
many Germans change their money into Swiss Francs. So far Switzerland has done
quite well by not taking place in all events available. One reason why they are
better off is that they didn't take place neither in World War I nor in World
war II and therefore didn't have to rebuild everything.

Some people expect that in a Unified Europe the standard of living in
the richer countries will decrease while the people in poorer countries will
fare better. One professor of mine once said: “Somebody must pay for the
European Integration. Most ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.

Already a member? Login

CITE THIS PAGE:

APA
MLA
Chicago
Turabian

Economic And Monetary Union Of Europe. (2005, March 6). Retrieved December 23, 2024, from http://www.essayworld.com/essays/Economic-And-Monetary-Union-Of-Europe/23298

"Economic And Monetary Union Of Europe." Essayworld.com. Essayworld.com, 6 Mar. 2005. Web. 23 Dec. 2024. <http://www.essayworld.com/essays/Economic-And-Monetary-Union-Of-Europe/23298>

"Economic And Monetary Union Of Europe." Essayworld.com. March 6, 2005. Accessed December 23, 2024. http://www.essayworld.com/essays/Economic-And-Monetary-Union-Of-Europe/23298.

JOIN NOW

Join today and get instant access to this and 50,000+ other essays

PAPER DETAILS

Added: 3/6/2005 07:09:44 PM
Category: Economics
Type: Premium Paper
Words: 909
Pages: 4

Save |

Report

SHARE THIS PAPER

SAVED ESSAYS

Save and find your favorite essays easier