The EU is attempting for enforce its' fiscal austerity policies across the Continent in light of the fiscal crisis and impact on the Euro. This does raise issues of sovereignty and the role of the Euro Zone.
E.U. Finance Chiefs Near a Deal on Budget Sanctions - NYTimes.com
Monday, October 25, 2010
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With all this turmoil going on, how is the euro still much ahead of the dollar? It's crazy that they will impose sanctions on their own members instead of coming together and helping each other work as "one" governing body to correct the problem. The purpose of the E.U. was to unite European nations under one common monetary system to have greater prosperity. It seems like this will cause more damage than good in helping the nations that are bringing down the E.U.
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