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Beginning of Paper
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Economic and Monetary Union of Europe
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 the European integrati ....
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Middle of Paper
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.... 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 of this
many Germans change their money into Swiss Francs. So far Switzerland has done
quite well by not taking place in all events available. One reason why they are
better off is that they didn't take place neither in World War I nor in World
war II and therefore didn't have to rebuild everythin ....
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