Economic And Monetary Union Of Europe
Economic and Monetary Union of Europe
The main reason for creating a European Market was the growing
international competitiveness. In the mid of the eighties the European countries
recognized that in the long run the national economies alone won\\\\\\\\\\\\\\\'t be able to
compete against countries like the US, Japan and the new industrial centers in
East Asia. The biggest advantage of the European integration is the unique
chance of causing significannot
economic growth in the member countries by
abolishing all kinds of barriers e.g. customs controls, trade restrictions,
liberation of the movement of capital, tax harmonization, and by the opening of
the financial market, a common trade policy, a common service market, common
legal protection of companies and so on.
The two countries who support the European integration most (at least
their governments) are Germany and France. One reason therefore might be that
both countries have a dramatic increase in unemployment rate......
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Approximate Word Count: 840
Approximate Pages: 4 (250 words per double-spaced page)
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