Spain's diverse capitalist economy will be faced with difficult challenges in the next few years with monetary and other economic policies, and will need a stable government to become more competitive with an already ahead Europe economy. ... This sector utilized standard technology and based its competitiveness on its cheap labor and its capital on a cheap money monetary system. ... It was a moderately restrictive monetary policy, and an income policy with a commitment to begin structural reform. ... Since then, and in all regard to need, monetary and fiscal policy has been provided. To ...

• Word Count: 2349
• Approx Pages: 9
• Grade Level: Undergraduate

The Germans continue to loan to the Greeks because they share a currency and they are a monetary union. ... Some also believe that they pursued their own national interests by unwillingly adjusting fiscal policy to help correct the Eurozone crisis. ...

• Word Count: 731
• Approx Pages: 3
• Grade Level: High School

It was created over time through a number of successful binding treaties to provide efficient policy-making in the areas of common interest, in which member states were willing to renounce their sovereignty. ... In 1991 to further integration, the leaders of the 12 European Community nations--Great Britain, France, Germany, Italy, Ireland, Belgium, Denmark, the Netherlands, Spain, Portugal, Greece and Luxembourg signed the Maastricht Treaty on European Union, which laid down the path for the formation of the Economic and Monetary Union. This Treaty also foresaw the Common Foreign and Security ...

• Word Count: 6307
• Approx Pages: 25
• Grade Level: Undergraduate