Nobody downloaded yet

European Business Environment - Essay Example

Comments (0) Cite this document
Name Tutor Course Date European Business Environment Introduction The Eurozone’s unfolding crisis can be elucidated by the interaction of policy features and the institutional structure. The crisis has depicted that the Eurozone’s divergences can base on fundamental structural components, which become unsustainable in the long run…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.2% of users find it useful
European Business Environment
Read TextPreview

Extract of sample "European Business Environment"

Download file to see previous pages The Eurozone Since inauguration, the European Union has undergone economic crises. Resolutions could be seen through changes and charters within authorities and structures of the institutions. Such resolutions would be undertaken through impeding of European Union economic integration. Economic integration encompasses key steps. The preferential economic territory would lower the customs tariffs in the midst of the member countries. A free trade zone would be created to eradicate the internal customs imposed on certain commodities among the state parties. The custom union ensured recognition of a common trade strategy, and similar tariffs applied for the third countries. The common market establishes common regulations on commodities and enhances the free movement of commodities, services, and workforce. The Economic Monetary Union (EMU) formed a common market via a universal currency unit. The union determined a common monetary policy, which depended upon coordination among the member states’ economic policies, deficit and public debt, and monetary policies (Arestis & Sawyer 2011, p. 28). The common currency unit and monetary policy establishment and the Eurozone would be independently governed by ECB (European Central Bank). There would be implementation of harmonization of fiscal and other policies of the economy to complete the economic integration. In other words, the European Zone has basic institutional features. 1. Commercial and economic integration and inflow of financial resources. This involves the integrated and freedom in the markets. 2. Common currency, the Euro. 3. The open financial, institutionally separated markets have differential regulations and taxation. 4. The non integrated markets: the labor market’s rules remained national despite the determination of European institutional architects. This was as a result of cultural and political factors and real constrains. For instance, there would be the rigidity of the many countries housing market. The European Union role is to endow migration freedom and equivalent rights to migrants. 5. Common fiscal parameters, which was a Maastricht criteria. The heterogeneous structures in the institution are the vital reasons of crisis within the Eurozone. It would be right to justify that the citizens of the Eurozone have had a negative response to the Euro. After the approval, of the unit of the common currency, the prices of services and commodities skyrocketed and the Eurozone exhibited a weak performance. The Euro has caused considerably indefensible macroeconomic inequalities within the states, and the Eurozone lacks an organizational structure to undertake the crisis situation (Arestis & Sawyer 2011, p. 30). In the year 2008, the approval process of the treaty of Lisbon was still on till 2009 when it became effective. Immediately after the Lisbon treaty became enforced, a general notion got developed that it would provide the turning point for the European Union to overcome the crisis. The treaty would be expected to optimize working methods and modernize institutions to tackle challenges effectively and efficiently (Franz & Sinn 2010, p. 102). The global financial crisis began to influence the European Union states unenthusiastically. The total public debt of Greece was almost 125 percent of its national income. These macroeconomic indicators in Greece would be explained by the Maastricht criteri ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“European Business Environment Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
European Business Environment Essay Example | Topics and Well Written Essays - 750 words. Retrieved from
(European Business Environment Essay Example | Topics and Well Written Essays - 750 Words)
European Business Environment Essay Example | Topics and Well Written Essays - 750 Words.
“European Business Environment Essay Example | Topics and Well Written Essays - 750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF European Business Environment


...?Harvard, Total word count at the end The European Union’s Control of Dominance in European Business Environment The European Union’s Control of Dominance in European Business Environment Introduction There have been experiences on European Union’s enlargement which have since been portrayed as ushering a number of changes in European business environment. There are particular areas of European Union law which have experienced dramatic adjustments thereby posing consistent complicated queries as regards regulations. This is focused on the fact that the law is involved in playing the role of controlling dominance by way of competition legislations especially in liberalized European markets. Such markets have been seen to offer new... States....
13 Pages(3250 words)Essay

European Business Environment

...from the German and French banks but there no check on the limit of the borrowing from the Irish bank. Soon after the Irish bank found itself into trouble, it also affected the European Central Bank. The situation was sort of similar to the U.S. Federal Reserve where it serves as the central bank of several states. In this case, the European Central Bank served as the central bank of several nations and it had to keep the borrowing of its member nations into check at all points of time. However, there was no such policy present to keep this check and the banks were given permission to borrow, which eventually resulted in over-borrowing of funds of banks from external sources and thus the Eurozone...
3 Pages(750 words)Essay

European Business Environment

.... The EU could also rescind unnecessary rules and simplify others so that new laws can be drafted and implemented quickly (, 2012). EU Competition Policy The competition policy aimed at ensuring fairness in trading is implemented by the European Commission (EC) together with the court of justice. By breaking down privately constructed barriers to trade between EU member states, then a fully functioning single European market can be realized (McGowan, 2010 p. 7). The policy is aimed at eliminating unfair monopoly by regulation such business practices as mergers, acquisitions, and joint ventures. If merging of two companies would result in unfair competition such as price...
3 Pages(750 words)Essay

The european business environment

...could not be quantified. Industry will benefit from this directive in terms of simplified rules. The directive on unsubstantiated social claim has not much impact on the consumer as well as on the industry. The directive has limited benefit to the consumers. Increase of sales is expected. (Matrix Insight Ltd, 2013, pp 6-16). There is another aspect of business on which the European Union has legislation; it is on socially responsible public procurement. “Socially responsible procurement (SRP) is about using the buying power of public and private organisations to purchase products, works and services that have a positive social impact” (Moschitz et al, 2007, p.2) . European Union tries to...
3 Pages(750 words)Essay

European Business Environment

...:// According to section 2 of the enabling legislation, the European Communities Act, 1972, established the principle of the European Law would always prevail over British Law in the event of a clash, thereby overthrowing the supremacy of the British Parliament. ( The issue as to whether The UK continues to be nothing but a hindrance to the process of European Integration, to the disadvantage of business throughout Europe is a controversial one. On the one hand it might be argued that the UK's continuous refusal to join the EMU's single currency the euro makes it difficult for the EU as a whole to eliminate...
14 Pages(3500 words)Essay

European Business and Policy Environment

...Research Study Research Study Important Aspects of the European Business and Policy Environment Titus Rock Manickam Order No. 224084 12 May 2008 Research Study Important Aspects of the European Business and Policy Environment Introduction Undoubtedly, European economy is of pioneering importance the world over and has been the role model for developing economies since the industrial revolution. Since medieval times, Europe has been on the forefront in commerce and trade, and this was the driving force in explorations and acquisition of foreign territories. Added to these, scientific discoveries and...
9 Pages(2250 words)Essay


.... This measure served to encourage the housing market further. Moreover, in the past few years, people going in for the purchase of a house by availing themselves of a bank loan, have benefitted by the prevalence of very low interest rates for long term housing loans (Priced to perfection, 2006). The European Union formulates a free – trade zone for non – members having a common external trade policy. If a member state withdraws from this Union its internal economy and business policies will sustain huge losses owing to the higher tariff they have to pay as non – members. The Union has been unfavourable to the textile exporters from China and Vietnam, because it had to support internal trade. In spite of...
12 Pages(3000 words)Essay


...The process of the last expansion of the European Union from the economic point of view had some prominent features. First of all, it was a joining of ten countries with essentially lower social and economic indices in comparison with the European Union-15 that proves a crucial opportunity of association for different by the level of development groups of countries not only on principles of free trade or a customs union, but also the economic union. Secondly, the expansion of the Union became the important stage of the soft enough (without any economic shocks) adaptation of the economy of the European Union-10 to new conditions of the competitive...
5 Pages(1250 words)Essay


...European Business Environment Introduction European nations saw an array of good and bad implication during the process of integration as a set of nations with a common vision for growth and development. Many positive impacts were observed after the integration of European nations which affected their economic and political status and brought them closer in terms of trade affairs and supported them in attaining development together as a group of nations. One of the major purposes of this integration was to bring about development in their trade affairs which are supposed to have direct relationship with the economic growth of the nation. But the...
12 Pages(3000 words)Essay

Hypothetical population,

3 Pages(750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic European Business Environment for FREE!

Contact Us