The Park Place Economist


Tina Beaird '97


While I have just shown many problems along the EC's path to integration, I still feel positively about the formation of monetary union. Germany has continued to remain strong in its backing of the union and its support of it. France has even endured significant unemployment and social unrest due to its policy decisions aimed at being able to meet the convergence criteria. France and Germany have also shown cooperation in forming the union.