old currency (Photo credit: the queen of subtle)
By William T. Dickens and Stephen J. Rose – After so many intra-European wars, political leaders after World War II created a series of institutions that bound the major countries to each other. That effort reached its pinnacle in the 1990s with the formation of the European Union (EU) and the establishment of the European Monetary Union (EMU) with its common currency the Euro. The EU established common standards, free movement of goods and people across European borders, and subsidies to less developed economies. The establishment of the Euro as the common currency made trade simpler.
The system worked well until the world-wide financial collapse of 2008. more> http://tinyurl.com/cqoya67
Related articles
- A new era of fiscal responsibility: the free lunch is finished | John Bolton (guardian.co.uk)
- What could happen if Greece exits the Eurozone (torfx.com)
- Bilderberg Scheme To Save The Euro (synoesyevrou.wordpress.com)
