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Union in sentence

2117 examples of Union in a sentence

After all, establishing a genuine fiscal union would require strong political commitment – and considerable legwork.
That is why the Vienna Initiative must become an effective “voice” for the host countries in the Europe-wide debate on debt resolution and banking union.
Calls are rampant for surrendering fiscal sovereignty; for dramatic recapitalization of the financially vulnerable banking system; and/or for Greece and possibly other distressed eurozone members to quit the euro (or for establishing an interim two-tier monetary union).
Kenya must learn from these cases, in order to prevent its new oil riches from tripping up East Africa in its headlong dash toward monetary union.
This month, the leaders of East African Community member countries are set to endorse a move to establish a monetary union, covering 150 million people, as early as 2015.
If East Africa’s central bank raises interest rates to stave off inflation in Kenya, the rest of the union will experience increased unemployment.
The ongoing euro crisis clearly demonstrates the problems that a union of unequal partners can face.
Kenya and the East African Community have been pursuing monetary union since 2000.
While many politicians say they want a frictionless border, May and some of her colleagues have discussed leaving both the single market and the customs union, thereby putting the UK outside the tariff-free zone in which trade is facilitated by shared regulations.
After all, other EU countries are not going to allow only England, Scotland, and Wales to leave the single market and customs union, while leaving Northern Ireland in.
Sustaining the Unsustainable EurozoneATHENS – When the eurozone was established, its creators envisioned gradual progress toward an “optimal currency area,” characterized by fiscal integration, the free movement of labor, and political union.
And “ever-closer” political union has ceased to attract public support – if it ever did – and is thus not feasible today.
Some encourage Greece to exit the eurozone, believing that a more restricted and homogeneous currency union would be stronger and easier to unite.
Indeed, in recent years, eurozone authorities have introduced several policies for fighting financial crises – including government-backed rescue funds, a partial banking union, tougher fiscal controls, and a role for the European Central Bank as lender of last resort.
But most of these policies – with the possible exception of the banking union – are aimed at managing default risk, not eliminating this risk’s root causes.
In a currency union, individual economies cannot alter their exchange rates to account for changes in relative competitiveness.
Binding the union closer together could prove critical to building such trust.
Indeed, Italy’s average annual GDP growth rate since joining Europe’s economic and monetary union in 1999 has been an anemic 0.5%, well below the eurozone average of nearly 1.5%.
The countries of Europe are moving inexorably towards the "ever closer union" that the founding Treaty of Rome demands.
What is the compelling reason that provides the driving force behind "ever closer union"?
Economic union has benefited many; but it is not the type of driving force that inspires.
Now, Merkel has had the misfortune of inheriting an incoherent project (a currency union without fiscal and political union) – a situation that demands some type of vision from a politician famously good at everything but articulating one.
The still-unresolved “doom loop” between governments and banks holding public debt will amplify the existential problems of an incomplete monetary union with inadequate risk-sharing.
But individual commissioners are far less important than the trends that have caused the Commission to shift its priorities from enlargement and the internal market toward energy and monetary union.
Juncker’s changes, however, may portend genuine progress on this front, as well as toward monetary and energy union.
Similarly, a new vice president has been introduced for energy, which has been reframed as “energy union.”
In this context, the Commission’s new structure – not to mention the fact that the new European Council president, former Polish Prime Minister Donald Tusk, has long sought an energy union – may well push the policy forward.
While both the US Federal Reserve and the German Bundesbank had long been independent, most other European countries followed suit only in the run-up to establishing a monetary union.
Given these costs, European Commission President Jean-Claude Juncker has rightly stressed that “killing” Schengen would undermine the EU’s foundational goal of “ever closer union” – an objective to which, admittedly, several EU members have signed up only reluctantly.
The goal is not simply to highlight the lost opportunities associated with such an outcome; those would clearly be sizable, especially if the currency union had to be untied.
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