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Essay / Research Paper Abstract
This 7 page paper consider the impact that entering the single European currency may have on the economy and hw the government seek to control exchange rates. The paper then considers what influence the entrance of Bulgaria to the EU will have in the wine importers in the UK. The bibliography cites 6 sources.
Page Count:
7 pages (~225 words per page)
File: TS14_TEukbulg.rtf
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Unformatted sample text from the term paper:
one of these influences, with general economic conditions. When we look at the UK there are many reasons that the country has not yet joined the single currency. If we
look at this we can then consider what impact this would have on the national economy. The development of the European Monetary
Union 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. The idea that this is a political move is widely recognised, as Gerhard Schroder has
stated "The introduction of the common European currency was ultimately by no means only an economic decision. It was an original political act to hand over sovereignty over one of
the most important areas of national authority to a European authority.....For this reason alone, monetary union requires of us Europeans decisive advances in the field of political integration" (No Euro.com,
2002). Therefore, it is not the currency itself that is objected to, but the meaning it has in political terms. Some theorists
have argued that the 15 member countries of the European Union have such a diverse range of national and international policies that complications will inherently occur as a result of
attempts to promote greater openness that led up to the installation of the European Monetary Union under the Euro and the transformation of the economic climate in the next decade
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