Economic And Monetary Union Of Europe :: essays research papers

Economic and Monetary due north of Europe     The main reason for creating a European Market was the suppurationinternational competitiveness. In the mid of the eighties the European countriesrecognized that in the long run the national economies alone wont be able to fight against countries like the US, Japan and the sassy industrial centers inEast Asia. The biggest utility of the European integration is the uniquechance of causing significant economical growth in the member countries byabolishing all(a) kinds of barriers e.g. customs controls, art restrictions,liberation of the movement of capital, tax harmonization, and by the opening ofthe financial market, a common trade policy, a common service market, common well-grounded protection of companies and so on.     The two countries who support the European integration nearly (at leasttheir governments) are Ger umteen and France. One reason therefore might be thatboth countries have a dramatic increase in unemployment tread within the past fewyears. In Baden-Wrttemberg for example, the area where I am from, theunemployment rate has gone up from ab step up 4% in 1992 to slightly 9% nowadays. Mostlikely Mr. Chiracs and Mr. Kohls all solution concerning the unemployment isa to the full integrated economy which for sure would create new jobs in Europe.The German population, however, is scared that a United Europe wouldcreate new jobs only in low wage 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 whizz European currency would be weaker. As a result of thismany Germans change their money into Swiss Francs. So far Switzerland has donesooner well by not taking place in all events available. One reason why they arebetter off is that they didnt add place neither in World War I nor in Worldwar II an d therefore didnt have to rebuild everything.      more or less people expect that in a Unified Europe the archetype of living inthe richer countries testament decrease while the people in poorer countries willfare better. One professor of mine once express Somebody must pay for theEuropean Integration. Most likely this will be the richer countries like us. Itwas the same with the German Unification. This shows that even some(a) veryeducated people in Germany are skeptical concerning the new Europe. The lightpoll at the last election of the European sevens seems to be showing thatthe German population is not that much kindle in Europe. The averageworker/person if living in Germany or any other European country is not