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

EUROPEAN MONETARY UNION AND THE EURO

INTRODUCTION

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

REVIEW

***** of the sources used 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 *****, and explained the issues clearly.

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

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

***** is clear he is a h*****torian, as ***** as an economist. Taylor is a professor of Intern*****ional Relations ***** the University ***** London. He looks at both ***** economical and historic issues of the European Union, ***** uses his background as a histori*****n to ***** the m*****erial ***** readable and ***** to the reader.

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

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

Feld is a political scient*****t, so his work looks at the repercussions of the Union on Europe politically, ***** ***** a lesser degree ***** ***** financial impact of introducing the Euro. He ***** over 40 sources as a b*****ckground for his work, including many ***** his own other works ***** the subject.

T***** book might be ***** as a college textbook, or even ***** a reference book ***** mem*****rs of the European Union or other nations looking for an in-depth review ***** the issues and ***** of the Union. Feld goes into more detail regarding the content of ***** actual treaties, and ***** that reason, this is a good manual for analytical ***** ***** background. ***** does not reach any conclusion through his work; he simply states the facts, and ***** history behind them.

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