By the beginning of 2000, 27 European Union (EU) countries have adopted the euro as their national currency and are termed the Eurozone. According this union, these European countries have uniform their economic and political regulations and standards. Euro currency sharing to operate as a single and an internal market which allows free movement of goods, capital, services. Additionally, people between country members sharing a single currency. The using of this single currency between the European country members eliminates exchange fluctuations and simplifies trade in Europe. Eurozone firms had to make numerous operational changes, especially regarding finance and accounting, but generally prefer dealing in the euro. The European Central Bank (ECB) views the Eurozone as one region and must apply the same monetary policy to all EU members, but this is problematic at times. The United Kingdom determined not to join the monetary union, keeping the British pound as its currency.

a. Analyze the extent to which you agree with the construction of European Union with clarifying the changes did firms make once the euro became the new currency.

b. Analyze the extent to which adopting the euro was worth for adopting countries. With clarifying how this union affect the international trade volume.

c. Analyze the extent to which you agree with the decision of The United Kingdom to be not join with the monetary union and keeping the British pound as its currency.

d. After the global financial crisis, specifically In 2016, UK decide to withdraw from the EU (Brexit). Analyze the extent to which you agree with this decision.

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