POST COLD WAR WORLD
INTEGRATION OF EUROPE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It prevents member nations from accumulating huge national debts and dragging the rest of the EU economy down.
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It ensures that people, money, and goods can move freely from one EU nation to another EU nation.
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It is one key step in the European Union solidifying all of its member nations into one single country.
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It ensures that the member nations will not have any poverty issues within their borders.
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Detailed explanation-1: -Using a single currency makes doing business and investing in the euro area easier, cheaper and less risky. By making it easy to compare prices, the euro encourages trade and investment of all kinds between countries. It also helps individual consumers and businesses to secure the best prices.
Detailed explanation-2: -The single currency enhances price transparency and facilitates comparison, in particular in the era of new technologies, and thus promotes competition. More competition results in lower prices and greater innovation, in turn leading to newer and better products and services for consumers.
Detailed explanation-3: -freedom for its citizens to live, study or work anywhere in the EU. the world’s biggest single market. aid and development assistance for millions of people worldwide.
Detailed explanation-4: -Currently, the euro (€) is the official currency of 20 out of 27 EU member countries which together constitute the Eurozone, officially called the euro area.