Economic and Monetary Union of Europe

Economic and Monetary Union of Europe - European Economic...

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European Economic and Monetary Union The main reason for the creation of a European market was the growth international competitiveness. In the mid-eighties the European countries acknowledged that in the long term national economies alone will not be able to compete with countries like the U.S., Japan and new industrial centers East Asia. The biggest advantage of European integration is the only potential to cause significant economic growth in member countries by the abolition of all barriers such as customs controls, trade restrictions, freedom of movement for the harmonization of capital taxes, and the opening of the financial market, a common trade policy, a common market for services, common legal protection of companies and so on. The two countries support European integration, the majority (at least their governments) are Germany and France. One of the reasons therefore, could be that both countries have a dramatic increase in unemployment in recent years years. In Baden-Württemberg, for example, the area where I, the unemployment rate has risen from around 4% in 1992 to around 9% today. More likely that Mr Chirac and is the only way Mr. Kohl on unemployment a fully integrated economy, which certainly could create new jobs in Europe. The German population, however, is afraid that a united Europe
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This note was uploaded on 09/20/2011 for the course BUS 210 BUS 210 taught by Professor Garcia during the Winter '09 term at University of Phoenix.

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Economic and Monetary Union of Europe - European Economic...

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