assignment 1

Assignment 1, “The Euro Almighty”

My proposed thesis for this project will focus on the European Union (EU) and the monetary and political problems that it faces due to the introduction of the single currency, the Euro. The Euro is the binding force holding the EU together and the question I will be asking is if that is enough. Can the Euro hold the Union together? I will use the following as points to explore this question.

I plan to use my emphasis in History to:

1. Draw parallels between the current European Union and the early American Colonies and make conclusions about the differences and similarities of the two.

2. Explore the differences that many countries have had in their early formation and discover if the European Union can survive without becoming a single country.

3. Study the major political, social and historical differences between the EU members that may hinder the more solid formation of a sustainable union.

I will focus Business emphasis on the following:

1. Will money (governments bail outs, bond auctions and foreign money) be enough to hold the EU together?

2. There have been and are expected to be more problem countries within the EU that have received bail out funds, will these funds be able to save the individual economies?

I will attempt to discover and possibly prove that a currency doesn’t make a country just like a product does not make a company. The EU will likely cease to exist if the above questions are not addressed.