There is a common misconception that the euro area is a monetary union without a political union. This reflects a deep misunderstanding of what monetary union means. Monetary union is possible only ...

(Reuters) -Europe's economic and monetary union, the most visible product of which is the euro, is an unprecedented effort at creating a shared currency backed by its own financial architecture. It is ...

Most economists would argue that monetary integration leads to financial integration; in other words, when a set of countries has a common currency, as in the European Monetary Union (EMU), for ...

Following years of negotiations involving over a dozen European nations, the Maastricht treaty was signed on February 7, 1992, and established the terms and basic timeline for European Economic and ...

This essay assesses the need for deeper integration in the European Union, while questioning where the current European leadership has the vision to implement such reforms in the wake of the euro ...

ABU DHABI, Dec 17 (Reuters) - Gulf Arab states are reviewing plans for monetary union in the world's top oil exporting region after Oman opted not to join their single currency by the 2010 deadline, ...

KAMPALA (Reuters) - The leaders of five East African countries signed a protocol on Saturday laying the groundwork for a monetary union within 10 years that they expect will expand regional trade.

A US strategic study has presented an optimistic outlook for a landmark customs union launched by GCC states early this year and their push towards an ambitious monetary union, saying their benefits ...

A1.5. Qatar: Country Risk, June 26, 2000–May 28, 2003 A1.6. Saudi Arabia and GCC Countries: Selected Economic Indicators A1.7. United Arab Emirates and GCC Countries: Selected Economic Indicators The ...

DUBAI (Zawya Dow Jones)--Kuwait's decision to end its dinar's peg to the dollar and link it to a basket of currencies instead is seen as the beginning-of-the-end of plans by the oil-rich Gulf states' ...