Union
in sentence
2117 examples of Union in a sentence
We agree that the eurozone is unsustainable, but disagree about what should be done before the EU can put political
union
on the table.
We agree on the need to forge a proper European banking union, but disagree on the need to put the financial genie back in its bottle.
Is “European solidarity” a euphemism for the transfer
union
that Germany opposes, or for massive bailouts by the European Central Bank?
Of course, for some Germans, the lack of solidarity regarding refugees is simply a compelling excuse for blocking reforms that they never supported in the first place, such as the completion of a European banking
union.
The notion that EU countries merely want Germany’s money – the French, for example, have openly advocated the creation of a “transfer union” – is on its way toward becoming a majority view.
The other is the flow of immigrants from soon-to-be new member countries in the European
Union
and from outside the
union.
A new marriage law, for example, requires interfaith couples to register their intent to marry with local authorities, who will display a public notice of the engagement; only if no citizen objects to the
union
– highly unlikely in the present tense climate – is the couple permitted to wed.
But the creation of the European banking
union
has not been the only important change to Europe’s financial regulation since the crisis.
And the start of a banking
union
also helps; following the latest stress tests and asset quality review, banks have greater liquidity and more capital to lend to the private sector.
Finally, Europe’s monetary
union
remains incomplete.
Its long-term viability requires the development over time of a full banking union, fiscal union, economic union, and eventually political
union.
Europeans began a long discussion of the advantages of monetary union, achievement of which would allow them to look the dollar in the face.
It is amazing because France is not just a founding member of the European Community, but also has been the main driving force behind all major steps toward “ever closer union.”
Corporatism is simply incompatible with a monetary
union.
The key to recovery, then, is to tax the rich, increase transfers, and restore worker incomes by enhancing
union
bargaining power and raising minimum wages.
But governing the enlarged
union
has become more difficult and less efficient.
There will, after all be inflation in southern and eastern Europe – there must be, for as regions develop and industrialize their terms of trade must improve, and under a monetary
union
regional inflation is how this can happen.
It is no secret that Germany is deeply committed to upholding strong fiscal rules within the currency
union.
In particular, members of Europe’s economic and monetary
union
should give up their seats in the G-7 and the International Monetary Fund.
This is a poor showing for countries that successfully confronted the challenges of creating the EU and monetary
union.
The leading German trade union, IG Metall, has called for a 6.5% wage increase in the next annual round of negotiations.
But, though Europe's currency
union
is at risk, and its banking
union
remains at an early stage of development, the endlessly creative European Commission is embarking on another adventure: a so-called “capital-markets union."
The capital-markets
union
actually began as a slogan, coined by one of EU Commission President Jean-Claude Juncker's acolytes.
The Bank of England has argued that there should be no replication of the banking
union
grant of new powers to the European Central Bank at the expense of national central banks.
The capital-markets union, the BOE argues, “does not require institutional change," so no super-regulator should be created.
But before delving into institutional issues – a favorite topic of EU veterans – one should consider what problem the capital-markets
union
is supposed to solve.
The overall aim of the capital-markets
union
is thus relatively straightforward.
Unless the political mood changes radically in Europe – an unlikely development – it would be unrealistic to expect the capital-markets
union
to be anywhere near as transformational as the banking
union
has been.
But a capital-markets
union
is highly unlikely to end Europe's love affair with its banks.
The currency
union
may survive, but, for millions of people, the euro has already failed in its mission of sustaining growth and ensuring stability.
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