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POL 423 Journal 16 - that have the euro Some states like...

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Financial Times All aboard for a two-speed Europe Friday, February 11, 2011 Journal 16 The German Chancellor, Angela Merkel, and the president of France, Nicolas Sokarzy, 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
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Unformatted text preview: that have the euro. Some states, like Great Britain are happy to see this without them being involved. A breaking up of the eurozone would greatly affect Germany’s markets. This article shows the seriousness the larger and wealthier countries are starting to have towards a common economic policy for the euro states. There is obviously still much that needs to be worked out but with France and Germany leading the way it is easy to see that this idea has a lot of momentum and will get a lot of support from countries that are tied closely to these two. It will be exciting to see what happens and what these countries agree upon....
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