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Union in sentence

2117 examples of Union in a sentence

For example, it is not obvious how to deal with the fact that decisions by large countries have larger externalities, both positive and negative, than those made by their smaller peers, setting the ground for different treatment in a monetary union of supposed equals.
An EU clearing union would be a less visible intrusion on German national interests than a fiscal transfer union would be.
But this is to be expected in such a diverse monetary union.
Europe’s Next Great MistakePRINCETON – In constructing Europe’s monetary union, political leaders did not think through all of the implications, which led to major design flaws.
A union of almost 450 million people (after Brexit) cannot allow a country two-thirds its size to treat it like a group of vassal states.
Then came the Maastricht Treaty, which offered a second chance for a political union.
But they successfully resisted the creation of a political union, which is predicated on a central state with a joint army and monopoly on the use of military force.
A new law stipulated that this quasi-monetary union was to last forever.
This huge funding has so far saved the Greek banking system from collapse, and it constitutes the key advantage of joining a real monetary union as opposed Argentina’s ‘quasi-monetary union’ with the USD.
They relentlessly but unsuccessfully pressured Montenegro’s leaders to remain in a dysfunctional union with Serbia, condoned Kostunica’s dubious 2006 referendum on a new constitution enshrining Kosovo as a part of Serbia, and weakened demands for Serbia’s cooperation with the International Criminal Tribunal in The Hague.
The list of policy mistakes is almost endless: interest-rate hikes by the European Central Bank in July 2008 and again in April 2011; imposing the harshest austerity on the economies facing the worst slump; authoritative treatises advocating beggar-thy-neighbor competitive internal devaluations; and a banking union that lacks an appropriate deposit-insurance scheme.
The answer lies in the fragmented and deliberately informal nature of Europe’s monetary union.
This permanent political crisis mechanism is, however, nothing less than a well-functioning economic union.
The alternatives are therefore either forging ahead with realeconomic union and further EU integration, or regressing to a mere free-trade area and the renationalization of Europe.
Genuine eurozone stability presupposes macroeconomic alignment, which in turn requires the political integration of a well-functioning economic union.
Why not economic union, too?
Both countries together, however, must inaugurate the step towards economic union, which requires that both governments actually want that.
Merkel will have to explain the inconvenient truth to Germans that the price of having the euro is inevitably a transfer and economic union, and French President Nicolas Sarkozy will have to make clear to the French the price of a real economic and stability union.
Defenders of the European ideal need to engage more directly with its critics and articulate an inspiring vision, rather than sticking their heads in the sand and intoning the words “ever closer union” at every opportunity.
The banking union was agreed in order to correct that problem, with the ECB front and center as the single supervisor of all major European banks.
But the market is clearly signaling that the banking union has not yet done its job – indeed, that it is by no means complete.
But such adjustments cannot happen in a monetary union, so unit labor costs are slowly re-converging via a protracted process of flat nominal wage growth and slowly declining real wages (a process that would be quicker with higher inflation in Germany and Northern Europe).
The deflationary debt trap is threatening to destroy a still-incomplete political union.
In all likelihood, the 22 reported dead from swine flu reflect a social safety net falling to pieces due to lack of public investment and union recalcitrance.
Within Europe’s monetary union, a consensus has been established that everything possible must be done to keep Greece inside.
But even if there were no troika and no monetary union, Greece would urgently need far-reaching reforms to get back on its feet.
Rather than forging ahead with fiscal or political union, this process increasingly fosters division, both within and between eurozone countries.
The eurozone would be safe, at least temporarily, and leaders could resume their glacial trudge toward fiscal and political union.
His career as a union leader took him away from agriculture and into politics, where he stood out for his criticism of the United States, whose anti-drug crusade meant the eradication of a cash crop for poor peasants.
Once situated at the center of the political scene, Congressman Morales took advantage of his constitutional immunity to intensify his union activities and his fight against anti-drug policies.
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