The Impact of the Euro Since its Launch Dissertation

The Impact of the Euro Since its Launch - Dissertation Example The currency had also to revive itself from the initial downturn it suffered and later to sustain the growth achieved by it as an international currency. This paper presents the major advantages and disadvantages of the currency as a single currency and the impact it created on the various economic fronts since its inception. The major purpose of introduction of Euro was to take on the challenges of competition posed by the growing attitude of globalization. The other object envisaged by the European Union through the introduction of Euro was to overcome the barriers imposed by the diversities posed by the different economies. These diversities are caused by the conflicting monetary and fiscal policies of the various governments and the multifarious tariffs and restrictions placed on trade and investment. Before the introduction of Euro the euro-zone currencies were greatly influenced by the rise or fall in the rate of US dollar. The introduction and existence of euro has led to the positive impact of alleviating the financial crisis faced by the euro-zone countries since 1998. Further positive effects of the common European currency in the form of price stability, cheaper and better banking facilities, increase in the competitiveness of the industrial enterprises and welfare of the consumers in general have resulted during the last 8 years of the existence. Most generally the vastness of the European internal market with a single currency made Europe a potential competitor to the market of the US.

Personal statement Example | Topics and Well Written Essays - 500 words - 38

Personal Statement Example From the childhood dream, I set to work hard in my academics in order to become a lawyer. Currently, I am a practicing lawyer with a license from the government of the Kingdom of Saudi Arabia. The license is a testimony of my hard work and dedication to the practice. I excelled in my high school education and proceeded to pursue a degree course in law at the University of King Abdul-Aziz. Soon after, I began working in a law firm as a volunteer. The experience was as exciting as it was expository. It enhanced my interest in the practice while providing me with the much-desired experience. After graduating from University, I pursued official training from a recognized law firm, as is a requirement of seeking a license. I applied for the license and passed the interview owing to the vast experience I had acquired for the nine years I practiced at the firm. My story is one of immense determination and interest in a practice I love. The two are my greatest strengths. I love law and will always undertake any activity that would enhance my qualifications in the practice. After studying the Saudi Arabian market, for example, I registered for English courses in Dublin University. I seek to tap the growing number of international companies operating back home most of which use English. I am, for this reason, looking forward to graduating with a master’s degree, a qualification that will improve my effectiveness in the practice. I am acquainted with the outstanding reputation of your college. I have interacted with numerous of your alumni, and the reputation of the institution does indeed precede it. Such exciting engagements served to grow my interest in joining the institution. I am an ethical individual. I understand both my strengths and weaknesses. As such, I am applying to the college with the view to enhancing my professional skills in the practice. The large and well-stocked library at the institution coupled with equally reputable lecturers is some