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Coming off the rails; Charlemagne
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 405 no. 8807 (Oct. 2012)
,
page 49.
Topik:
Eurozone
;
Monetary Unions
;
Economic Crisis
;
Trade Barriers
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.74
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The single market, the EU's greatest achievement, is celebrating its 20th anniversary. It is meant to be a zone with free movement of goods, services, people and capital. It has boosted trade and productivity. Part of Germany's success comes from shifting industrial production to cheaper places in central and eastern Europe. But look at the infrastructure in the single market and two lessons become clear. It is fragmented, with few countries giving priority to cross-border links. And integrating the system is a painstaking task of removing physical and regulatory barriers. The euro's break-up could lead to capital controls, trade barriers to keep out goods and border controls to limit economic migrants. Muddling through would slow down but might not prevent such disintegration and could still feed anti-EU populism. Even a federal leap to a euro-zone banking union with joint Euro-bonds carries risks for non-euro members, like Britain, who fear that the 17 "euro-ins" will impose rules on others. Such tensions are apparent in negotiations over a euro-zone bank supervisor. If Britain feels set upon, it could even choose to leave the EU.
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