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Union in sentence

2117 examples of Union in a sentence

Germany’s stance marked the first open challenge by a leading European power to the notion that the monetary union is irrevocable.
When fiscal misbehavior by Greece, a country representing no more than 2% of the eurozone’s GDP, poses serious dangers for the survival of the currency union, something is clearly amiss.
The alternative is to embrace a “transfer union” that ensures a better balance between solidarity and responsibility.
At the same time, the banking union, established by the EU in the wake of the 2007-2008 global financial crisis, should be strengthened by enlarging the capital base of the Single Resolution Fund and establishing a common deposit guarantee scheme.
Now it wants to socialize not only government debt by introducing Eurobonds, but also banking debt by proclaiming a “banking union.”
Europe needs no banking union beyond a common regulatory system.
What makes Greece’s problems more difficult to address is the structure of the eurozone: monetary union implies that member states cannot devalue their way out of trouble, yet the modicum of European solidarity that must accompany this loss of policy flexibility simply is not there.
While virtually every country skirted the fiscal rules, Europeans believed that the euro was fueling economic growth and would eventually lead them to political union.
Specifically, May has confirmed that Britain will be leaving both the EU single market and the customs union.
Fiscal union – that is, more imposed unity – may well be the rational answer to the current financial crisis, but it is a technocratic answer which would do nothing to make Europe more democratic, and would most likely provoke an extremist backlash.
There is no way around a reduction in relative domestic prices as long as these countries remain in the currency union: either they deflate, or their trading partners inflate faster.
The gap is simply too large between what is needed to restore competitiveness and what citizens can stomach if they remain part of the monetary union.
Although Europe’s leaders have made some progress on institutional reform, the measures taken so far will not lead to real convergence of economic and budgetary policies, or to genuine economic union.
The second option would imply an international agreement, in addition to the EU treaties, which would legally bind participating countries, enabling them to commit to establishing a genuine economic union, and to define the organs and rules that will govern their cooperation.
The eurozone’s path to genuine economic union will be fraught with political and institutional challenges – from determining substantive areas of cooperation to protecting the rights and interests of all EU countries and safeguarding the unity of both the internal market and foreign relations.
Even if some of the rhetoric accompanying proposals for an EU defense union has been vastly overblown, the bloc’s leaders are right to focus more on defense and security issues than they have in the past.
In fact, in 2014 Germany’s governing coalition yielded to union pressure and actually reduced the retirement age for some manual workers, despite frequently lecturing other eurozone countries to do the opposite.
More eurozone countries will be forced to restructure their debts, and eventually some will decide to exit the monetary union.
In this case, economic integration can be married with democracy through political union among states.
European leaders always understood that economic union needs to have a political leg to stand on.
When the Fed’s job was, as former Chair William McChesney Martin famously put it, “to take away the punch bowl” as soon as wages started to rise faster than productivity, intellectual capture was not a concern: central bankers were not spending much time with workers and union leaders.
As a general rule, union leaders would rather see their members in “good” jobs, even if that means unemployment for others.
But the EU banking union remains incomplete, Greece and the Italian banking sector are facing challenges, and the aftershocks of the euro crisis could still undermine the EU’s stability – or even threaten the common currency.
When union bosses play internationalist, don't believe them for a minute.
Its problems originate in the communist era, when a trade union movement, which under normal circumstances should stand to the political left, became the main anti-communist opposition.
As a result, various political groups associated with the Solidarity trade union movement have, since Communism's fall, aspired to represent the political right, confusing the terms of political discourse.
And, because Arunachal Pradesh is a state of the Indian union, what happens there is India’s decision alone.
The Greek conflict shows that Europe's monetary union is not working because one country's democratically legitimized sovereignty has run up against other countries' democratically legitimized sovereignty.
Nation-states and a monetary union do not sit well together.
US states entered their new union with different debt loads and different capacities to service them.
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