Buy custom Economic factors affecting UK exports
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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 840 |
Essay's paper body
A single currency should result in lower interest rates as all European countries would be locking into German monetary credibility. The stability will force EU countries into a system of fiscal responsibility which will enhance the Euro's international credibility. This should lead to more investment, more jobs and lower mortgages...
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This should lead to more investment, more jobs and lower mortgages.
Disadvantages:
1. Fifteen separate countries with widely differing economic performances and different languages have never before attempted to form a monetary union. It works in the United States because the labor market is mobile, helped by the common language and portability of pensions etc...
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General points of the essay
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