Monday, February 7, 2011

Updated Thesis

In continuing my research with my thesis and from suggestions from both Professors I am moving the research in a slightly new direction while maintaining a similar thesis.

The goal of this project is to research and possibly discover if the Euro is a key binding force holding the European Union together. If it is there are several important implications therefore my research will lean more towards the following:

1. What effect does the Euro have on the European Union

2. Will the EU have enough common bonds without the existence of the Euro?

3. How have other countries dealt with a common currency like the EU/Euro.

My thesis is slight redirecting more to the effects of the Euro on the European Union and what the European Union might do with out a common currency. My research will also include can the European Union survive with a single currency and/or can a single currency survive within a multiple country union?

My research continues....

2 comments:

Unknown said...

Jared, you have a good topic concerning the Euro. I have seen that you have updated and clarified what you are going to research. One thing you might consider is the positive affects abandonment or failure of the Euro might have in the long run future of the EU. A strong economy like Germany is hurt when a debt ridden economy like Greece fails.

The EU has been around much longer than the euro itself and has actually been relatively successful, but lately it has caused a lot of stress for its members. While failing, the Euro maybe bringing down the EU in the short run, but may have positive benefits in the long run if abandoned. The UK has been a strong player in the EU but has not participated in the euro.

Also, it may not ever really be necessary for the EU to become a single 'country' seeing how in many ways it already operates as one. The UK is actually several 'countries' but only sends one team to the Olympics and sends four soccer teams to the world cup. The EU allows its citizens to travel freely between countries, has one currency, is slowly gaining sovereign power, and is represented as a whole (kind of) in the WTO, UN, and G20.

Kevin Woods said...

The European Union has always been interesting to me. I would think a pretty interesting analysis of this might be a compare/contrast between how the early United States was set up between 1776 and 1787 and how each state had its own currency and what the immediate aftermath was once it was standardized.