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Union in sentence

2117 examples of Union in a sentence

In June 2012, eurozone leaders announced their intention to establish a European banking union.
For the first time since the onset of the crisis in Greece, it was officially recognized that the root of the eurozone’s problem was not the flouting of fiscal rules, and that the very principles underlying the monetary union had to be revisited.
One problem is architectural: any banking union is only as strong as its weakest component.
German Banks on TopCHICAGO – Overcoming the European Union’s current economic malaise, as almost everyone acknowledges, requires deeper integration, with the first step taking the form of a banking union supervised by the European Central Bank.
But Europe’s banking union also requires uniform rules for winding up insolvent financial institutions – and this has become a sticking point.
The emerging banking union is not only the first step toward a European fiscal union; it is also the final step toward completing the European common market.
In this sense, the banking union is not a scheme to burden German taxpayers with the losses of failed southern European banks; rather, it is a mechanism to render all banks (including German ones) accountable for their own mistakes, thereby reducing the burden that they impose on domestic taxpayers.
His three main policy instruments toward the post-Soviet states are the customs union implied by his proposed “Eurasian Union,” Gazprom, and the Collective Security Treaty Organization (CSTO).
Currently, Putin’s top priority is to persuade as many countries as possible to join the customs union, but so far only Belarus and Kazakhstan have done so.
But the other post-Soviet countries resist, because a customs union with Russia would force them to raise their import tariffs, hindering their trade with other countries.
In fact, in October 2011, Russia initiated such a new multilateral free-trade agreement in the post-Soviet space; but, owing to the Kremlin’s single-minded pursuit of the customs union, only Belarus and Ukraine have ratified it, leaving its relevance in doubt.
The Central Asian countries’ opposition to a customs union with Russia reflects their growing trade with China.
In Europe, Moldova, Ukraine, and the Caucasian countries prefer free-trade agreements with the European Union, which the customs union would preempt.
Moreover, the customs union makes it almost impossible for Russia to conclude any free-trade agreement with the EU.
The current Ukrainian government would happily hand over half of its pipeline system to Gazprom in exchange for a lower gas price, but Putin demands that Ukraine also join the customs union.
Although it surrendered control of its gas pipelines to Gazprom, it is still charged a usurious price in the face of Russian demands that it, too, join the customs union.
Either the eurozone moves toward a different equilibrium – greater economic, fiscal, and political integration, with policies that restore growth and competitiveness, including orderly debt restructurings and a weaker euro – or it will end up with disorderly defaults, banking crises, and eventually a break-up of the monetary union.
The assumption that the German economy will accelerate out of its current crawl is essential to confidence in Europe’s financial safety net, and to a banking union that credibly shares risks across the eurozone.
Nationalist polled only 31.9% of the votes cast with parties supporting the union polling 59.6%.
Back in 1957, the motive for “laying the foundations of an ever closer union of the peoples of Europe” was to make war between European nations obsolete, and, in doing so, to bring internal stability to all European nations.
Thus, in Scotland today there are none of the conditions that fomented rebellion in Ireland and led to Irish independence in 1922, the last great rupture in the political union of the British Isles.
By contrast, Scotland’s institutional landscape – schools and universities with their own curriculum and exam structures, a legal system with its own codes and rules, a church independent of the state, and a distinctive system of local government – were left untouched by the union.
By cooperating with the rest of the United Kingdom, rather than clashing, Scotland is giving new meaning to the phrase “ever closer union.”
Even the free circulation of workers and people in Europe is a well-established and positive reality: 2% of EU citizens – more than 10 million people – reside in a Union member country other than their native one.
Is it to buttress GDP growth when the UK is no longer part of the European single market and customs union?
One Money, (Too) Many MarketsFRANKFURT – Europe’s monetary union is screeching toward the abyss, unintentionally, but apparently inexorably.
Given the euro’s current travails, it is instructive to recall arguments stressed in the run-up to monetary union.
Now, given monetary union, the adjustment must be carried out by changing domestic prices relative to tradable goods – that is, by engineering a depreciation of the real exchange rate.
Instead, in his defense of the family – or, as he would put it, the sacred union between man and woman – he pointed out how sexual arrangements outside that union were a threat to human civilization.
Of course, Europe faces great challenges in perfecting its economic union, including the need to reduce unemployment and boost the economy’s dynamism.
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