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Essay / Research Paper Abstract
A 10 page research paper that examines the macroeconomic effects of French participation in the European Monetary Union (the euro). The writer looks at unemployment, welfare and the general state of the French economy. Bibliography lists 15 sources.
Page Count:
10 pages (~225 words per page)
File: D0_khfreu.rtf
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Unformatted sample text from the term paper:
in 2000, a healthy 3 percent. However, over the last year, the EU economy has faltered. With elections imminent, the top candidates in France have not promised anything really new
and the best that has been offered, thus far, to the French people is the prospect of slow progress (Anonymous, 2002, March 16). Therefore, the following macroeconomic analysis will examine
the effects that joining the European Monetary Union has had on the French economy. Has it been worth it? The Maastricht Treaty In December of 1991, representatives
from twelve European nations met in the little Dutch town of Maastricht for the purpose of coordinating the economic policies between those countries. What emerged from this historic meeting was
a radical plan to abandon national currencies and adopt a common monetary standard to be managed by a European Central Bank (Anonymous, 2001, Dec. 30). On January 1, 2002, the
last step in the process that the Maastricht Treaty started was accomplished with the introduction of euro notes and coins. As this suggests, the Maastricht Treaty is one of he
worlds most significant experiments in public budgeting. Its great triumph, to date, has been to force the member nations in the European Union to curb deficits and tame inflation as
a prescribed requirement for inclusion in the monetary union (Anonymous, 2001, Dec. 30). Nevertheless, many people believe that the treaty contains flaw, which must be remedied in order for Europes
hard-won economic stability to continue (Anonymous, 2001, Dec. 30). One of the problems, according to Savage (2001), is that of "free riders," who seek to escape the fiscal burdens
imposed by the treaty, while profiting from the economic and political benefits of the EMU. In order to adopt the euro and join the EMU, France had to institute
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