Economic And Monetary Union Of Europe :: essays research papers

Economic and Monetary Union of EuropeThe main reason for creating a European Market was the growinginter matter competitiveness. In the middle of the eighties the European countriesrecognized that in the long run the national economies alone wont be able tocompete against countries like the US, Japan and the parvenu industrial centers inEast Asia. The biggest advantage of the European integration is the drollchance of causing significant economic growth in the piece countries byabolishing all kinds of barriers e.g. customs controls, trade restrictions,liberation of the movement of capital, tax revenue harmonization, and by the opening ofthe financial market, a common trade policy, a common service market, commonlegal protection of companies and so on.The cardinal countries who support the European integration most (at leasttheir governments) are Germany and France. atomic number 53 reason therefore might be thatboth countries have a dramatic increase in unemployment rate wit hin the past feweryears. In Baden-Wrttemberg for example, the area where I am from, theunemployment rate has gone up from about 4% in 1992 to around 9% nowadays. Most likely Mr. Chiracs and Mr. Kohls only solution concerning the unemployment isa fully integrated economy which for certain(p) would create new jobs in Europe.The German great deal, however, is scared that a join Europe wouldcreate new jobs only in low net profit countries like e.g. Portugal. Many think that aEuropean market with no barriers would would even cause job hollowing out ofGermany. Moreover the German population likes the strength of the D-Mark and isworried that a single European currency would be weaker. As a result of thismany Germans change their money into Swiss Francs. So far Switzerland has donequite well by not taking place in all events available. matchless reason why they arebetter off is that they didnt take place neither in World War I nor in Worldwar II and therefore didnt have to rebuild ev erything.Some people expect that in a Unified Europe the standard of living inthe richer countries lead decrease while the people in poorer countries willfare better. One professor of mine once said Somebody must constitute for theEuropean Integration. Most likely this will be the richer countries like us. Itwas the akin with the German Unification. This shows that even some veryeducated people in Germany are skeptical concerning the new Europe. The lightpoll at the last election of the European parliament seems to be showing thatthe German population is not that much interested in Europe. The average proletarian/person if living in Germany or any other European country is not