The Czech Republic Is Defined As Eurosceptic Country

Breitfelder, M. (1998). The Euro Currency Age: Challenges and Opportunities for U.S. Businesses. Business America, 119 (7), 33.

4) The path that led to adoption of the euro was set down in the:

The Czech Republic became a member of the European Union (EU) on May 1, 2004. Through the course of the accession process, most barriers to trade in industrial goods with the EU have been eliminated. The process of accession had a positive impact on reform in the Czech Republic, and implementation of EU directives and regulations continues. The U.S. Department of Commerce Country Commercial Guide for the Czech Republic summarizes the economic trends and outlook this way:

But, Euroscepticism does not particularly mean being hostile in relation to European Integration. Nonetheless, in contemporary politics, it has become to be associated with distinctive forms of resistance to European Integration. (Leconte, 2012, p.5)

European Union is remains one of unique and controversial organisation in nowadays which symbolise the association of European countries with shared sovereignty over socialism and imperial ambitions. President of the European Council Herman Van Rompuy once sad that: “The age of the nation state is over and the idea that countries can stand alone is an ‘illusion’ and a ‘lie’” (Martin D., 2010). Nigel Farage, the leader of the United Kingdom Independence Party claims the opposite:”We must break up the eurozone. We must set those Mediterranean countries free”(BrainyQuate, 2014). Opinion about European Union are very divided, part of society who are support the monetary and security policy and other growing part which Eurosceptical and who believes that this kind of policies not just undermining the sovereignty of the state but also destroying the national entity. In this work will be analysed the influence of European Membership of the sovereignty of Great Britain and to what extend it has influence on the state.

Third, Garry and Tilley's (2009) study, "The Macroeconomic Factors Conditioning the Impact of Identity on Attitudes towards the EU", combines individual- and country-level. Particularly, they ask under which macroeconomic conditions identity shapes public opinion on the EU (ibid.:

The European Union (EU), which began through the integration of six member states in 1951, welcomed its latest member, Croatia, in 2013, effectively bringing its total to twenty-eight members (Verdun, July 23, 2015). The first EU enlargement occurred in 1973, when the UK, Ireland, and Denmark joined the union. Since then, four major enlargements have taken place, despite the long-existent controversies regarding the possible value or downfalls of the expansion of the union. With over twenty more countries within the continent as possible candidates, especially as many express interest of joining, it is highly possible that efforts for further enlargement may be made in the future. The question, however, is whether EU

Introduction: Since the enlightenment, Europeans have called for a stable and united Europe. Even though there have been many setbacks to a united Europe, including WWI, WWII, and the Cold War, the realization of a united Europe became a reality with the signing of the Maastricht Treaty in 1992 creating the European Union (EU). Furthermore, the progression towards a fully united Europe took another step with the introduction of the Economic and Monetary Union of the European Union (EMU), which introduced a common currency, the euro (Bordo). Both of these institutions have had an immensely positive impact on Europe, both socially and economically. Today, the European Union is considered the world’s largest economy, or second largest,

The Unified monetary policy has been considered as the most impressive step into the practical Europeanisation, by which Euro citizens has not only felt the changes in daily life, but potentially internalised the positive concept that being part of EU will bring more happiness to next generations. A continuous debate between convergence and divergence within European continent had remained controversy and unresolved along with several significant agreements made due to the predicted economic advantages, including the boundary breaking-down of tariff and regulations resulting in more convenience for international transactions, and utilising single monetary for saving additional costs of currencies exchanges(Gabel and Palmer, 1995), and so

Thus, the establishment of economic and monetary union and the introduction of the single currency and the ECB have become a part of an ambitious project, which, however, has never been completed due to lack of fiscal union. Also, one of the main reasons for a permanent disproportion in development is the unwillingness of Member States to transfer their own sovereign powers for creating a single supranational independent institution for the purpose of a single economic policy. In fact, the EU combines the different types of economy, which remains independent and managed by Member States. In the context of the existence of a single supranational monetary policy pursued by an independent institution - the ECB - the state, first of all, denied the so-called monetary mechanism allowing both the strengthen of the economic reforms effects, and the reducing of their imperfections. At the same time the single monetary policy is conducted without regard to differences in levels of development and in the economy structures of the euro area countries. One of the consequences of such political incoordination was the accumulation of public debt and growing fiscal deficits within the euro area, which average index has increased from 83.8 % in 2011 to 92.0% in

The creation of the Single European Market led to a major development in economic and political European integration. It is managed by the European Central Bank (ECB) and currently the Euro is used in nineteen EU states. The ECB monitors and regulates the European Union’s interest rates. Risks associated with exchange rates disappeared, and the costs are reduced in comparison to individual state currencies. Individuals travelling throughout the Eurozone only need to carry one currency. Not all EU member states share the Euro, states have a free will and may choose whether to adopt the currency or not. Countries can be members of the European Union without sharing the single currency of the Eurozone. Being united by one currency brings political and economic stability to the EU’s member states. The Euro creates a larger economy as well as a homogenous market where states are able to co operate towards one common goal.

European Monetary Union will make it possible to complete European economic integration. The introduction of a single currency will

The joining of Romania into European Union is a new hot issue to the European economists. European communities become under a big umbrella unitedly to associate one another in their daily life and develop economy jointly. Where Romania was a communist country and change itself a revolutionary change and agreed to cooperate to the European social associations. After 2007, by joining in European Union, Romania become a greatest opportunist state among the East European countries.

In 1999, the European Union introduced the Euro for a large proportion of its members. In 2009 a European constitution was introduced, which gave more powers to the European Parliament. The 'Lisbon Treaty ' was also created, allowing the European Union to supersede Foreign Policy and Home Affairs, extending the European Union’s scope well beyond economic integration.

First this paper examines the success of the Euro, and the implications for the formation of a global currency. Then this paper looks at the issue of devaluation, and by comparing successful and unsuccessful devaluations tries to determine