Eurozone, Economy of the European Union, European Central Bank
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Eurozone, Economy of the European Union, European Central Bank

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The essay will focus on the formation procedure of the European Union, with special attention to the monetary union formation and if the European states have benefitted from it. In particular, it will try to assess the changes and impacts on state sovereignty, given its current relevancy around the discussions to save the Euro, and try to establish if being part of the EU has reshaped that relation. It will also lay out some of the discussion regarding the debt crisis and the importance of the European Central Bank in the current situation.

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