POLI 211 FINAL EXAM QUESTIONS AND ANSWERS |
LATEST UPDATE
what is the significance of the pre euro monetary policy? - Answers - countries could
artificially inflate/deflate their currency to compensate for debt ie; German Deutschmark
what happened with the adoption of the euro? - Answers - -there was no room to adjust
inflation/interest rates
-weaker economies could borrow $ with their better interest rates
what are the underlying problems of the euro? - Answers - -monetary union has
European Central Bank, but there are no institution that sets economic policies for the
same area
-there are breaches of stability and growth pact (frequent breaching of debt/defecit
levels)
-housing bubble and interest rates meant overconfidence/investment. weaker countries
took advantage of low interest
what was the rationale behind creating the EU? - Answers - -following the aftermath of
ww2, there was a collective need for ensured peace within Europe.
-the climate of the cold war made europe want to stray away from communist societies
-Europe wanted to rebuild its economy, and maintain stability
who were the founders of the EU? - Answers - Belgium, France, Germany, Italy,
Luxembourg, Netherlands
Schuman Plan (1950) - Answers - Proposed by French foreign minister Robert
Schuman (1886-1963), called for the creation of a special international organization to
control and integrate all European coal and steel production.
European Coal and Steel Community - Answers - Organized by Jean Monnet (1888-
1979). it called for an integration of the coal and steel industries of France and West
Germany. It finally added Italy and the Benelux states
-it was inscribed in the Treaty of Paris
the Institutions within the European coal and Steel community are: - Answers - -high
authority
-council of ministers
-common assembly
LATEST UPDATE
what is the significance of the pre euro monetary policy? - Answers - countries could
artificially inflate/deflate their currency to compensate for debt ie; German Deutschmark
what happened with the adoption of the euro? - Answers - -there was no room to adjust
inflation/interest rates
-weaker economies could borrow $ with their better interest rates
what are the underlying problems of the euro? - Answers - -monetary union has
European Central Bank, but there are no institution that sets economic policies for the
same area
-there are breaches of stability and growth pact (frequent breaching of debt/defecit
levels)
-housing bubble and interest rates meant overconfidence/investment. weaker countries
took advantage of low interest
what was the rationale behind creating the EU? - Answers - -following the aftermath of
ww2, there was a collective need for ensured peace within Europe.
-the climate of the cold war made europe want to stray away from communist societies
-Europe wanted to rebuild its economy, and maintain stability
who were the founders of the EU? - Answers - Belgium, France, Germany, Italy,
Luxembourg, Netherlands
Schuman Plan (1950) - Answers - Proposed by French foreign minister Robert
Schuman (1886-1963), called for the creation of a special international organization to
control and integrate all European coal and steel production.
European Coal and Steel Community - Answers - Organized by Jean Monnet (1888-
1979). it called for an integration of the coal and steel industries of France and West
Germany. It finally added Italy and the Benelux states
-it was inscribed in the Treaty of Paris
the Institutions within the European coal and Steel community are: - Answers - -high
authority
-council of ministers
-common assembly
