View Cohesion policy in the European Union has the intended purpose of reducing differences between the member states in matters of economic, social and territorial importance and works to ensure that each region achieves its full potential. Moreover, Article 174 of the Lisbon Treaty states that the policy aims to promote ‘overall harmonious development’ of the EU through the ‘strengthening of its economic, social and territorial cohesion’. According to the European Commission, ignoring the disparities
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Living beyond our means = European crisis In early 2010 economic activities of the PIGS (a group of 4 nations in Europe namely Portugal, Italy, Greece and Spain) have come under increased scrutiny from the international investment community, with the threat of “Sovereign default” lurking around the corner. Sovereign default refers to a situation when government of particular country is unable to repay its debts. This situation of default payments by governments lead to European crisis.
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unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity". Many causes
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consumption of steel/ capita can be used as an index of the level of social wealth, political and economic stability. The steel industry is closely linked with numerous industrial sectors and it promotes the innovation, growth and employment of the European member states. Although the EU is the second largest producer of steel in the world after China its goal is to increase the market share of GDP by 20% in 2020. The British Steel industry is necessary tool, without which, the manufacturing success
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carried out, which may attracted world economists pay much attention to the European economic development. Due to the fact that countries have various financial policies and complex national conditions, it seems that Eurozone faced more difficult challenges when the financial crisis happened (Auditor General of the Swedish National Audit Office, 2010). For instance, the subprime crisis in 2008 shocked the whole European economy. Then in 2009, the sovereign debt crisis happened in Greece made the
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As exemplified by The European Union (EU), regional economic integration is replete with political, economic, and cultural danger. Discuss through the use of valid, real-life examples A regional economic integration, is when a certain number of nations, agree to reduce or eliminate economic barriers (and in certain levels of integration non-economic barriers as well), in order to create an adequate atmosphere between them for the flow of goods, services and factors of production. There are 5 levels
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5 Marketing in Japan: 9 Marketing in Europe: 11 CE Mark Section: CE Marking is the Symbol . (Wellkang Group) The letters “CE” are the abbreviation of the French phrase “Conformite Europeene”, this means European conformity. This term is in all official European Union documents. The main objectives of the CE Marking are to harmonize all varying national regulations for consumer and industrial products making a single market, also by having this create a cost savings for producers
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The euro’s evolution began in 1946 when England’s Prime Minister Winston Churchill and other European leaders anticipated Europe to simulate the United States. This brought about the making of the 15- nation European Union that formed the euro. A&E (2013), states “On March 25, 1957, France, West Germany, Italy, the Netherlands, Belgium, and Luxembourg sign a treaty in Rome establishing the European Economic Community (EEC), also known as the Common Market. The EEC, which came into operation
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X00107965 Capucine Houette X00107965 Capucine Houette Global Business Global Business Macro Environment of France Macro Environment of France Table of Content Introduction 3 Pest Analysis 4 - Political 4 - Economic 6 - Socio Cultural 6 - Technological
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national institutional frameworks: 1:Political (European government generally have been more engaged in economic and social activity), 2: Financial (U.S: stock market, Europe: less big investors), 3: Education and labor (U.S: corporations themselves have developed strategies, EU: publicly led training and active labor market policies), 4: Cultural (US: giving back to society, EU: relies on representative organization to be their political parties, unions, and the state). 3. Apply the framework
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