The EU and the Euro

Paper Summary:

The paper looks at the European Union's (EU) success at executing and implementing its single currency and how it is a model advocate for all regions considering a currency block as an economic solution to global competitiveness. The paper then asserts that the future of the EU and continuing economic benefit for its Western markets lies in its economic management and how each member state effectively integrates its individual fiscal management with that of the greater whole.

Outline:
Unified Policies & Their Benefits
Conclusion

From the Paper:

"The European Union (EU) has captured the imagination of the world with its relative success at creating a viable and effective union out of formerly competitive countries who, each, sought some sort of dominance over the continent. The EU's success at executing and implementing its single currency, the Euro, is a model advocate for all regions considering a currency block as an economic solution to global competitiveness. In fact, the EU's single currency, the Euro, is so strong that many analysts expect that, "The international role of the euro will probably equal (or exceed) that of the dollar by 2014 and Euroland, which will probably include all members by then, will insist on a commensurate voice in international monetary decision-making" (Europe par.8)."

Sample of Sources Used:

• Barrell, Ray, and Karen Dury. "Asymmetric Labour Markets in a Converging Europe: Do Differences Matter?." National Institute Economic Review (2003): 56+.
• Begg, Iain, Dermot Hodson, and Imelda Maher. "Economic Policy Coordination in the European Union." National Institute Economic Review (2003): 66+.
• Dale, Reginald. "European Union, Properly Construed." Policy Review (2003): 39+.
• "Europe Ten Years from Now: What Are the Chances the Structure of the European Union as We Know It Will Still Largely Be the Same? TIE Asked Eighteen Distinguished Experts." The International Economy Summer 2004: 34+.
• Follesdal, Andreas. "Achieving Stability: Balance in the Draft Constitutional Treaty." Harvard International Review 26.3 (2004): 62+.

More papers on The EU and the Euro:

• Term Paper # 104303 : "The EU and the European Central Bank"
• Analytical Essay # 148601 : "Integration into the EU and the NATO Alliance"
• Essay # 51321 : "The EU and International Economy"

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