Buy custom The Euro is a good thing?
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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2147 |
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EMU sees the removal of barriers in the finance and investment markets for those in the Euro zone. Supporters of EMU could see the introduction of the single currency as a natural progression into further integration, using the neo-functualist theory of a process of functional spill-over, simply meaning once steps have been taken to integrate in one area, such as coal and steel, it is predictable that further integration into other sectors, such as finance will follow...
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"Neo-functialists argue that, as functional areas of government are integrated, the political and bureaucratic elite that handle these policies will increasingly switch their loyalties, expectations and goals from the national government arena to the overall aims of the integration agencies." (McDonald and Deardon 2005, page 4)...
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