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POL 423 Journal 13

POL 423 Journal 13 - Merkel doesn’t want to use the...

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Financial Times Merkel shifts position on economic convergence Friday, February 4, 2011 Journal 13 The German Chancellor, Angela Merkel, and the former president of the European Commission, Jacques Delors, have come to the same conclusion about the common currencies largest problem, the monetary union without an economic one. The national economic policies of the eurozone states has a tremendous lack of coordination, which Merkel thinks needs to be changed. It seems as though she has changed her mind on this matter, because she used to be against only subjecting policy to the eurozone states instead of all the members of the E.U., but her push now is just for the states that have the euro.
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Unformatted text preview: Merkel doesn’t want to use the process of the E.U., she wants intergovernmental cooperation to align their economic policies. This article shows an interesting case of the European Union members going outside of the E.U. to try to solve problems. The process in the E.U. for legislation like this is very slow, and many believe they don’t have the time to wait, so going outside the E.U. to tackle this matter will be much faster indeed. Although, there is another interesting side to this story, that this economic policy will only encompass the eurozone members, and that seems to create two different types of E.U. members, that experience different participation in certain matters....
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