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Given the strains on the European Monetary Union and EU, neither of which enjoys the love or loyalty that people render to the countries of their birth, the great unraveling may be about to begin.
It is shown that while predominantly based on the gradualist-institutional approach, the formation of the European monetary union is less guided by the market approach.
(EDS.) Inclusion of Central European Countries in the European Monetary Union. Kluwer Academic Publishers, Paises Bajos, 1999.
Guide analysing implications of the introduction of the euro for small and medium enterprises in developing countries, it describes economic, commercial and financial environment resulting from creation of the European Monetary Union (EMU) and its impact on non-European countries; examines practical consequences of the introduction of euro for enterprises outside the euro zone; outlines practical adjustments to be considered by these enterprises for conducting advantageous commercial relationships with euro-zone countries; provides overview of EMU and describes main steps leading to full implementation of the euro.
There is still far to go, though, as the ETUC confronts a European Monetary Union that promises to undermine Europe's commitment to low unemployment.
The euro slot is currently blocked, but ready for use should Britain accept European monetary union.
Pond's ambitious overview covers the successful launching of the European Monetary Union (EMU), the process of enlargement to Eastern and Central Europe, the relationship between the EU and the US, and NATO's evolution.
The advent of the European Monetary Union and the euro, the single currency for eleven of the fifteen European Union members, has also focused attention on the possibility of such an arrangement for other economically integrating countries, namely, NAFTA countries.
The study also stressed the need to use Asian currencies in regional trade, or adopt a two-stage approach to a full currency union like the European Monetary union.
Last year, bonds issued by companies in the eleven nations of the European Monetary Union were worth $52 billion.
In the long run, European monetary union will almost surely prove beneficial--economically and politically--for Europe and probably for the rest of the world.
The establishment of European Monetary Union is also expected to have an influence on European trade since firms will be more inclined to exploit European markets.
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