Currencies of the European Union

As if often the case, a successful company in a developed and matured domestic market would seek a business growth opportunity to external or international markets. The Davis Service Group is successfully in textile maintenance services business in the UK and Europe. The Davis Service Group was also a company to seek growth opportunities to overseas markets. The Davis Service Group consisted of three main operating companies, Sunlight (textile maintenance), Elliott (building systems), and HSS…

The Eurozone is ‘the economic region formed by those member countries of the European Union that have adopted the euro.’ Democracy can be defined as ‘a system of government in which all the people of a state…are involved in making decisions about its affairs, typically by voting to elect representatives to a parliament’. The Eurozone crisis, in simplistic terms refers to the idea that a few European countries are in debt and incapable of paying their dues. Countries like Greece have been in…

be ruled out. The payments of salaries and pensions could also be delayed for months. The social and economic consequences could be disastrous for Greek economy and its people if the transition from the euro to a new national currency (possibly drachma - its old currency) is badly managed. Hence, the transition should be well-planned and properly implemented with popular support. There is a growing consensus that a massive devaluation of drachma would help in increasing domestic demand and…

UK left the European Union and this was led by many factors which some argue, aggravated throughout the years. The referendum had a purpose to give the UK citizens the option to vote according to their willingness to stay in the EU compared to the issues they were facing. By cause of the wide international repercussion the referendum had, it will be analysed what led the UK to leave the European Union and evaluate the pros and cons such decision had in the country. The European Union has as…

When something so dramatic as a crisis happens, it is a common practice to look for a party to blame. With the implosion of Greek economy and the start of the European sovereign debt crisis in 2009, people looked for a place to point accusations. The question of whose fault exactly was the Greek debt crisis is a complicated matter, one that brings to light the problematic power dynamics employed in the eurozone. From 2009 until now the crisis has evolved, exacerbated by the capitalistic control…

Would it be in the United Kingdom’s economic interest to leave the European Union? The United Kingdom (UK) has been a member of the European Union (EU) for almost four decades and has thrived financially since joining. However, following the recent financial crisis, concerns about Britain’s ongoing membership of the EU have increased dramatically, notably voiced by the head of the Confederation of British Industries (CBI), the UK’s largest business lobby. A key promise in the Conservative…

The European refugee crisis is the first migration crisis of the 21st century. One of the primary causes why Europe is dealing with a staggering influx of migrants is due to the increase of violence in the refugee’s countries. Ever since the division of the Ottoman Empire, conflicts in the Middle East and Sub-Saharan Africa have become common. A certain hatred and rivalry lives and thrives in this region of the world and can clearly be felt throughout the differences among their populations and…

as Europe. Perhaps the single most influential factor to start this crisis began when Europe tried to become more like the United States in its way of being unified with a single currency. In Europe, each country’s economy is very different. The price of Euros appropriate for each country varies, but the European Union had to make it consistent across the board. This causes problems for richer and more developed countries, such as Germany, as well as poorer and less developed economies, such as…

Germany’s official country name is The Federal Republic of Germany, but it is commonly referred to as Germany or Deutschland. Located in Central Europe. Germany is a country who borders the Baltic Sea and the North Sea; it is nestled between the Netherlands and Poland, south of Denmark. At 357,022 sq. km, Germany, is the sixty-third largest country in the world; according to the CIA.gov website it is “three times the size of Pennsylvania; slightly smaller than Montana.” The population of Germany…

After the United Kingdom 's recent exit from the European Union (EU), the union is inching closer to instability is now facing the risk of other countries following suit. Should another country exit, Greece would be the likeliest party as it has long struggled economically within the union, finding itself in a perpetual state of recession. It’s current debt as a percentage to GDP is in excess of 170% and is rising as it struggles to gain debt relief from the Eurozone. Multiple bailout measures…