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1、【51Test.NET-MBA考试试题】WilltheEuropeanUnionmakeit?Thequestionwouldhavesoundedstrangenotlongago.Noweventheproject’sgreatestcheerleaderstalkofacontinentfacinga“Bermudatriangle”ofdebt,populationdeclineandlowergrowth.Aswellasthosechronicproblems,theEUfacean
2、acutecrisisinitseconomiccore,the16countriesthatusethesinglecurrency.Marketshavelostfaiththattheeurozone’seconomies,weakerorstronger,willonedayconvergethankstothedisciplineofsharingasinglecurrency,whichdeniesuncompetitivemembersthequickfixofdevaluatio
3、n.YetthedebateabouthowtosaveEurope’ssinglecurrencyfromdisintegrationisstuck.Itisstuckbecausetheeurozone’sdominantpowers,FranceandGermany,agreeontheneedforgreaterharmonizationwithintheeurozone,butdisagreeaboutwhattoharmonies.Germanythinkstheeuromustbe
4、savedbystricterrulesonborrowspendingandcompetitiveness,barkedbyquasi-automaticsanctionsforgovernmentsthatdonotobey.ThesemightincludethreatstofreezeEUfundsforpoorerregionsandEUmega-projectsandeventhesuspensionofacountry’svotingrightsinEUministerialcou
5、ncils.Itinsiststhateconomicco-ordinationshouldinvolveall27membersoftheEUclub,amongwhomthereisasmallmajorityforfree-marketliberalismandeconomicrigour;intheinnercorealone,Germanyfears,asmallmajorityfavourFrenchinterference.A“southern”campheadedbyFrench
6、wantssomethingdifferent:”Europeaneconomicgovernment”withinaninnercoreofeuro-zonemembers.Translated,thatmeanspoliticiansinterveninginmonetarypolicyandasystemofredistributionfromrichertopoorermembers,viacheaperborrowingforgovernmentsthroughcommonEurobo
7、ndsorcompletefiscaltransfers.Finally,figuresclosetotheFrancegovernmenthavemurmured,curo-zonemembersshouldagreetosomefiscalandsocialharmonization:e.g.,curbingcompetitionincorporate-taxratesorlaabourcosts.ItistoosoontowriteofftheEU.Itremainstheworld’sl
8、argesttradingblock.Atitsbest,theEuropeanprojectisremarkablyliberal:builtaroundasinglemarketof27richandpoorcountries,itsinternalbordersarefarmoreopentogoods,capitalandlabourthananycomparabletradingarea.Itisanambitiousattempttobluntthesharpestedgesofgl
