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Topic: Miscellaneous
Number of pages / Number of words: 3 / 812
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Experts suggest that such unions can only be successful if the whole area is covered by a single currency and has the same legal framework, as in the United States where a common language and laws consists in a large geographical area. This is not the case in these 15 separate countries that are governed with similar laws, but many different languages are spoken...


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Loss of sovereignty is considered an issue, because politicians fear that the introduction of a single currency could eventually lead to the end of a nation state. The cost of entering the EU is a big reason why the EU only currently consists of fifteen countries. The British Retailing Consortium estimates that British retailers will have to pay between 1...


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