The Euro :: essays research papers

The Euro has proven to have many advantages for the European Union, putting them on the path for political solidarity. With the Euro comes the elimination of exchange-rate fluctuations, making the fluctuations of cash values across Europe a thing of the past. hurt transpargonncy is another advantage of the Euro, which makes it easier to tell if the price of a growth in unmatched inelegant is different than the price of the same harvest-tide in another country. This encourages competition betwixt countries, mobilizing economies to grow and compete with separately other in different markets. Transaction costs become a good deal less of a burden to tourists and business people alike when they do not have to constantly exchange their currency from another country when set offing within the European Union. This saves both time and money, which encourages to a greater extent travel between countries for tourists and business men/women. All of the advantages mentioned so far put forward to the increased trade across borders also. Again, this boosts the economy of the countries within the European Union. With the European Union and its currency, the Euro, there is an increased cross-border employment. Businesses are more apparent to employ and conduct business across different countries with the intro of one currency. This means a person could work across the border in another country since the same currency is paid to employees across the European Union. There is an increase in the financial market stability with the introduction of the Euro across many countries as well. One currency means more stability across Europe and the members of the European Union. Inflation rates are decreased, as are the interest rates, to promote the growth of markets in these developing countries. Countries that wanted to become a part of the European Union had to take shape up their economies, encouraging a growth in their markets, to keep up with the requirements of bein g a part of the European Union. The Euros position sexual intercourse to the U.S. dollar and the potential political and economic consequences in relations between the U.S. and the European Union are very important topics when discussing trade between these nations. First, the Euro is worth 135% of one U.S. dollar. This should make it clear that we have to instruction on exporting more of our goods to the European Union and its members rather than acquire (importing) more of their goods during this time.