Is the future of the EMU threatened by recent events Discuss Essay

Is the future of the emu threatened by new events Discuss - Essay ExampleWorld War the legal, economic and semipolitical framework of the EU is grow in the Franco-German tradition, which has lent itself to EU tensions with the political agendas of certain other member states such as Britain (Lippert, 2001, p.114).This integral conflict at the heart of the European Monetary pith (EMU) has been further underlined by the recent European Union and International Monetary Funds Irish and Greek bailout. Additionally, some analytical forecasts advert that Spain and Portugal bailouts are on the horizon, which not only questions the future of the Euro but also brings renewed attention to the broad term sustainability of the EMU. The fragmentation of the single monetary union and the EU agenda with national political agendas has bring forth increasingly prominent in relation to the EU enlargement programme (Lahav, 2004, p.113). Indeed, Artis & Nixon suggest that the EUs economic object ives in the last decade have reached crisis (Artis & Nixon, 2007, p.1).They further argue that the EU relies on co-ordination and common co-operation of states and that the enlargement of the EU and free movement has led to many member states opting out, derogating or suspending certain obligations to continue national political agendas (2007). With regard to the latter, the continuation of the sensitivity over Turkey and reality of corruption and political agenda in EU friendly Ukraine clearly fuels the debate as to how far national objectives give the sack successfully operate in conjunction with EU economic policy (Wesley Scott, 2006, p.99).As such, Artis and Nixon argue that the get-go of the Union and mutual objectives are becoming secondary to national political interests, which in turn risks negating the Unions objectives of a monetary union (2007). The focus of this paper is to critically evaluate the extent to which the EMU is threatened by recent events and it is submi tted that a central consideration in this issue is the extent to which the capability of