L'Europe est-elle une zone monétaire optimale ? - publié le 26/06/2008

Résumé du document

La question principale est de savoir si la zone euro satisfait les conditions nécessaires pour bénéficier des avantages de la monnaie unique et supporter sans dommages ses coûts.

Les pays de la zone euro ont-ils fait le meilleur choix en renonçant définitivement à l'instrument de la politique du change ?

Dans quelles circonstances un pays a-t-il avantage à renoncer à son autonomie monétaire, à lier le taux de change de sa monnaie ?

Au final, la question posée correspond à celle du choix du régime de change en fonction des avantages respectifs de la flexibilité du change et de sa fixité.

Extraits

[...] The Sudeten territory was also separated from the country. In fact, he wanted to expend his territory, called “vital space”, and then set up a dictatorship and had the ambition of taking a part of Czechoslovakia. Therefore, they adopted an isolationist position and decided to react against Hitler's provocations and offensive actions. In fact, he restored the military service in 1935 and he succeeded in militarizing again Rhineland. As WWI was very difficult to win and Germany was quite a powerful country, We can say, they were quite frightened by Germany. [...]

[...] Britain alone France and Great Britain lost the Battle of France The Battle of France also known as the Fall of France was made up of the German invasion of France on May 10th 1940, and Benelux countries, by the Ardennes. It was the end of the Phoney War. There were two major operations led by German armies. During the first one, they want through the Ardennes and cur off to surround allied. Many French and British soldiers left Dunkirk and sail to the UK. During the second one, on June 5th, Germans attacked French territory. [...]

[...] He evocated the consequences which could have happened in case of Nazi Germany victory. He employed in his speech, a negative and death semantic field, like Dark “sinister”, and qualified its actions as: “perverted science”, “atrocities” and “villainies”. On a political point of view, he tried to support the USSR after Hitler's betrayal. Indeed, he cancelled their agreement in 1941, because of Barbarossa campaign. Then, he had closer links with the USA, thanks to Lend-Lease agreement and the Atlantic Charter, in March and August 1941. [...]

[...] Conclusion De Gaulle, on June 18th 1940, asked all French inhabitants to follow him and to go on fighting Nazi Germany, even if the armistice was signed. He was as determined as Churchill win the victory”. After Pearl Harbour incident, the USA declared war on Germany. Thanks to them, the Allies entertained hopes of winning. Indicative bibliography - History: World War 2 (2007) - Winston Churchill in politics: 1900-1939: Winston Churchill, Prime Minister of the United Kingdom, World War II, Oldham (UK Parliament constituency), Conservative Party de Lambert M. Surhone, Miriam T. Timpledon, et Susan F. [...]

[...] This Battle was a failure for France and the UK. France and also Petain asked for the armistice, which was signed on June 22nd. It was a huge victory for the Axis. The French government decided to set up an agreement with Nazi Germany After Leon Blum‘s decision to quit the French government, in June 21st 1937, there was a social crisis due to conspiracies against the security of the state and the Front Populaire's break-up. Daladier built a new government; it was the end of the Front Populaire. [...]