Economic And Monetary Union Of Europe
Beginning of paper
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 ....
Middle of paper
.... example, the area where I am from, the
unemployment rate has gone up from about 4% in 1992 to around 9% nowadays. Most
likely Mr. Chirac's and Mr. Kohl's only solution concerning the unemployment is
a fully integrated economy which for sure would create new jobs in Europe.
The German population, however, is scared that a United Europe would
create new jobs only in low wage countries like e.g. Portugal. Many think that a
European market with no barriers would would even cause “job ....
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Word count: 909
Page count: 4 (approximately 250 words per page)
