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Union in sentence

2117 examples of Union in a sentence

Originally, Europe’s monetary union was supposed to provide a stable framework for its deeply integrated economies to enhance living standards sustainably.
In a currency union, however, central-bank credit may play this role if private capital flows are insufficient.
In the end, either the euro will collapse, or a transfer union will be established in Europe, in which the current-account deficits will be financed with inter-country donations.
But the European Council also created a Task Force under President Herman Van Rompuy to elaborate concrete proposals for reforming the monetary union.
The view that member states cannot be allowed to fail logically implies that a political or at least a fiscal union must underpin the euro.
This is the choice that European leaders now confront: a radical step forward toward political or policy integration, or a clear framework to deal with the consequences of a member country’s failure to abide by the fundamental rules of the monetary union.
A Brexit Gentlemen’s AgreementBRUSSELS – In her latest speech on Brexit, British Prime Minister Theresa May rejected the prospect of the United Kingdom remaining in the European Union’s customs union, on the grounds that the UK wants its own trade policy.
The truth is that the main impediment to a post-Brexit customs union is political.
As Labour leader Jeremy Corbyn, who supports remaining in the customs union, has emphasized, a country with the heft and influence of the UK cannot be viewed as merely following EU decisions, over which it has no influence.
If the UK remains in the existing EU customs union – as is foreseen for the transition period – rather than negotiating a new customs agreement with the EU, that gentleman’s agreement would also extend to new trade agreements that the EU concludes with third countries.
Remaining in the EU’s customs union would leave the UK in a much stronger position than, say, Turkey, which, despite having concluded an agreement to create a customs union with the EU, is not actually part of the bloc’s customs territory.
In this sense, keeping the UK in the EU customs union would help to preserve the EU’s global standing in trade.
And while many in the EU, especially the European Commission, would like to have their cake and eat it – keeping the UK in the customs union, while ignoring its interests – that is simply not an option.
The alternatives available for the EU is either to see the UK to leave its customs union, or to keep the UK in, by making a political commitment to take British interests into account.
Finally, remaining in the EU customs union would make it possible to avoid reestablishing a hard border between the UK and the Republic of Ireland after Brexit.
To that end, keeping the UK in the EU customs union – by guaranteeing it an active, albeit informal role – is negotiators’ best bet.
Regional groups of countries in eastern, southern, and western Africa are all giving priority to the idea of creating a monetary union.
Yet, despite the difficulties that have bedeviled the CFA (and the euro of late) – indeed, despite the absence of viable regional customs unions (except in the East African Community), let alone a single market – Africans retain a strong allegiance to the idea of a currency union.
At this stage of their economic development, with its focus on commodity exports, the priority for Africa’s countries should be long-term economic integration, not currency union.
A currency union, however, is not high on the agenda.
What it does not require is a currency union.
Now the euro crisis is forcing EU leaders to address institutional changes – namely the creation of banking, fiscal, and political union – that they have long deferred.
While the UK is entirely free to leave the EU, given that it is a treaty-based union, the move carries serious risks.
So ended the first European union.
This is revealed in the tensions that have existed between Poland, which fears domination by the EU’s steering group, and Germany, which is reluctant to shoulder the financial burden for a union in which it is under-represented.
Fearing a new era of obstructionism, EU leaders have revived talk of a two-speed union, in which a vanguard of western states seeks deeper integration, leaving the newcomers to catch up.
In a union of many parts, there are no shortcuts: the EU must provide the same level of integration at the periphery as at the imperial core.
By this interpretation, the poem is an allegory for the union of mind and soul, under attack from external forces.
Everyone understood that a monetary union would require enforceable fiscal and banking rules.
Germany and France are often at odds, and both have weak leaders facing re-election next year who could scarcely muster support for an “ever-closer union.”
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