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Union in sentence

2117 examples of Union in a sentence

In addition to military decommissioning, the Good Friday Agreement brought together antagonistic communities by mandating smooth trade between Northern Ireland and the Republic of Ireland, under the aegis of the EU customs union.
That would jeopardize not just the workings of the UK’s internal customs union, but also the constitutional integrity of the United Kingdom of Great Britain and Northern Ireland.
The EU rejected British offers to remaintemporarily in the customs union after Brexit, because that would allow the UK to enjoy the benefits of tariff-free trade without having to permit the free movement of EU citizens.
Emphasis has now shifted to how the entire UK can remain in the customs union, with the proviso that “one day” it might be able to escape.
Specifically, it demands sovereign-debt mutualization through Eurobonds, and thus the elimination of eurozone countries’ fiscal sovereignty, and a full-fledged banking union with recapitalization authority and shared deposit insurance – a far cry from the arrangement that has been agreed.
This is particularly apparent in France, where the monetary union has often been viewed as a tool for harnessing Germany’s economic strength to project power worldwide.
Germany’s consent was needed to create Europe’s “banking union,” which entailed the transfer of supervisory powers to the European Central Bank and the creation of a common fund to resolve failing banks.
The difference, it was argued, was monetary union.
This argument is correct in the sense that it is the current-account surplus or deficit of a monetary union as a whole that can be expected to have exchange-rate implications.
But, in net terms, a region within a country – or, like Germany, a country or sub-region within a monetary union – still “subtracts” from national and global aggregate demand if it exports more than it imports.
These countries are trying to achieve a difficult “internal devaluation” – that is, a reduction in their domestic unit labor costs relative to the eurozone’s stronger economies – while the overall eurozone surplus caused by Northern Europe puts upward pressure on the exchange rate, undermining their competitiveness outside the monetary union.
The decision was based on a controversial law that, among other things, requires any Web site publishing news and commentary about Jordan to appoint an editor from the closed journalists’ union, which electronic-media journalists cannot join, and to be licensed by a government body.
Similar attempts to bully Georgia were made, and former Prime Minister Bidzina Ivanishvili talked about joining Putin’s customs union.
This peculiar arrangement is a further major risk for economic and monetary union, to add to those of uncoordinated fiscal policies and the lack of a European equivalent of the International Monetary Fund.
The European banking union has now partly muted one of the primary channels – domestic banks – through which public debt piled up during the last crisis.
Such capital controls, if they ever came about, would spell the end of the dollar as a single currency, because such constraints are utterly incompatible with a monetary union.
Argentina’s Senate recently reacted to very high unemployment by passing a labor market reform bill that cuts union power and gives employers flexibility in hiring and firing.
There are now proposals for a shared eurozone budget and finance minister, and for an EU-level security union to tackle terrorism and strengthen border controls.
One vision favors a union of concentric circles, with a Franco-German-led eurozone at its core.
Deepening social polarization, its use in financial negotiations, and the intrusion of a new security element provide further evidence of what most economists and commentators on Europe have long argued: a monetary union is impossible to sustain in the absence of a political union.
It is now over ten years since Gorbachev rose to power as General Secretary of the Communist Party of the Soviet Union, putting in motion changes that led to the end of the party and the union, but not (it seems) to Gorbachev the man.
When the May government announced its commitment to follow through with Brexit, it made clear that it would also depart the Single Market and the customs union, without thinking through the implications for the UK’s borders.
May’s government has said that leaving the customs union will enable the UK to make its own trade deals.
If the UK, including Northern Ireland, is out of the customs union, and the Republic of Ireland is still in, there will have to be a hard border.
Germany was also forced to compromise in 2012, when Merkel was pushed into agreeing to a banking union and the ECB’s “outright monetary transactions” program, which effectively turned European government bonds into Eurobonds.
In particular, it could affect current plans for a “banking union,” which needs three elements: a single supervisor, a common resolution authority, and a credible system of deposit insurance.
This realization – that the European taxpayer does not have to save every troubled bank – might have a very beneficial effect, because Germany’s resistance to a banking union is motivated by the fear that German taxpayers would be forced to underwrite indirectly the losses of banks in the distressed countries of the eurozone periphery.
How Europe’s leaders respond to these new political challengers will determine whether the monetary union stabilizes or fractures.
In order to secure France’s backing for German reunification, Germany agreed to create a monetary union – but not a fiscal union.
European leaders hoped that a monetary union would help Europe’s less competitive economies catch up to the richer countries of the north.
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