Here is the synopsis of our sample research paper on The Benefits and Problems Associated with the Single European Currency and the Impact of a Strong Euro on Businesses in the EU. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 11 page paper is written in two parts. The first part discusses the benefits and problems of the European single currency; the Euro. The second part looks at the effect that might been seen when there is a high value Euro relative to other currencies such as sterling and the US Dollar have on Eurozone members and their non-Euro trading partners. The bibliography cites 9 sources.
Page Count:
11 pages (~225 words per page)
File: TS14_TEprobbensing.rtf
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Unformatted sample text from the term paper:
and agreements of the European Union has been extolled for the benefits it is capable of providing, however, there is not universal agreement that the benefits outweigh the potential problems
and risk of adopting that currency, if there were no disagreement and the benefits were seen as far greater than potential problems all member states of the EU that met
the criteria to join the single European currency; the Euro, would have joined, but they have not. Only 12 member states joined in 1999, when membership was 15, these
included Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain, and in 200 Greece joined after meeting the required economic criteria (Cooper and Tomic, 2007). Membership of
the EU has grown significantly since that time and many of the new members have also expressed desires to join the currency. Therefore although there are problems it appears many
governments have believed the advantages to be greater than the disadvantages. To assess this both the advantages and the disadvantages should be examined.
The development of the European Monetary Union and the single currency has called into question a number of major points, including concerns that the EMU might not support the
individual national interests or policy determinations of the member countries, especially in terms of foreign policy decisions and international financial developments (Davies, 1996). As a result of this there have
been concerns that the single currency may cause the collapse or the weakening of the markets in particular countries who are not aligned or are at odds with the majority
of Europe. Some theorists have argued that the different member countries of the European Union, 15 at inception, but now totalling 27, have
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