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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 in
East Asia. The biggest advantage of t .... Middle of paper
.... 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 hollowing out” of
Germany. Moreover the German population likes the strength of the D-Mark and is
worried that a single European currency would be weaker. As a result o ....
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Number of words: 909
Number of pages: 4 (approx. 250 words per double-spaced page)
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