Essay - European Monetary Union and the Euro Introduction the Purpose of...

EUROPEAN MONETARY UNION AND THE EURO

INTRODUCTION

The purpose of this paper is to introduce, discuss and analyze the his*****ry, benefits, costs, and challenges of the European Economic and Monetary Union (EMU) and ***** euro. Included is a critic*****l assessment of the sources used.

REVIEW

All of ***** sources ***** for this report were well written, concise, and underst*****able. The European Union and the Euro are difficult topics to understand on a first re*****ding, but ***** authors had a real *****ing of their topics, and explained the issues clearly.

***** example, Taylor gives the background that makes the forming of the European ***** more understandable. "This Summit produced a communique which supported the idea of European Union by 1980, and proposed a great push towards a European Great Society, illustrated ***** the efforts made to push ***** European social programme forward at th***** time, which no member government opposed" (Taylor 10).

***** subject could be considered dry, but ***** gives it life, making his book interesting to read, and right to the point. He writes with authority, and gives plenty of examples to make his point. His research included books, monographs and collections, journals, and included over 90 sources for his writings. His ********** and conclusions ***** well thought out, and he backs them up ***** his extensive research.

***** is clear he is a h*****torian, as well as an economist. Taylor is a professor of International Relations for the University of London. He looks at both the economical and historic ***** ***** the ***** Union, ***** uses his background as a historian to ***** the material ***** *****able and interesting to ***** reader.

Feld also writes clearly ***** concisely, explaining the issues so the average reader can comprehend *****. "Three institutions play important roles in the operation of EMS, now better known as the European ***** Union (*****): the Monetary Committee, ***** ***** of Central Bank Governors, and the Banking Advisory Committee"

***** 44). ***** writes *****, and although his book is not quite ***** interesting as *****'s, the material is well researched and it ***** clear ***** author h***** a profound understanding of his subject, and its effect on the European Community.

Feld is a political scient*****t, so ***** work looks at ***** repercussions of the Union on Europe **********, and to a lesser degree ***** ***** financial impact of introducing the Euro. He ***** over 40 *****urces as a background for his work, including many ***** his own o*****r w*****ks ***** the subject.

***** ***** might be used as a college textbook, or even ***** a reference book for members of the European Union or other nations looking ***** an in-depth review of the issues and his*****ry of the Union. Feld goes into more detail regarding the content of ***** actual treaties, and for that reason, this is a good manual for analytical ***** ***** background. Feld does ***** reach any conclusion through his work; he simply states the facts, and ***** history behind them.

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