Euro's Political Influence On EU

Nearly half a century,the European integration process has making considerable progress.EU member states must ensure a medium of exchange - currency and exchange rate stability in order to promote economic cooperation,a unified market,the true free trade.In this context,the euro was born,as a common currency of the EU 11 member states,it marked a new period of the European integration process.The world economy is on the tide of changing from regionalization to globalization,the emergence of the euro has epoch-making significance,not only for the EU economy,but also for the European Union's politics. From 1,Jannuary till now,the euro has been used for 10 years,and as a new currency, especially as a single currency which is used by many countries that have different economic strength,different developing space,it attracted world close attention.At the beginning of the euro,whether within or outside the euro,the public are generally optimistic that the euro will become an international currency that can counterbalance the U.S.dollar,and it will play an important role in the international monetary structure.Decades of past facts have proven that the euro indeed promotes the prosperity of European bond market,deepens the integration of the euro zone's level of capital markets,and enhances the cohesion of the Europeans which has accelerated the restructuring of the euro-zone economy and European political integration. It not only weakened the sovereignty supreme consciousness,but also can promote the progress of the European Union and the Member States and administrative model of political democracy model integration.As to its impact on the scope and profound of the progress of European integration,the euro is the only initiative that has the most public influence or the civilian population.It is a policy for all the public of the EU member states(euro zone), covering all aspects of public life,destructing the nation-state symbolic sovereign.As former European Commission President Romano Prodi said:" The euro is a symbol of European unity......is your money,my money,our currency.It is a small piece of Europe in our hands." But as a new thing,the role of the euro is a long process,and has a running-in stage adaptation.After people see the euro's early experienced bright and the attendant problems of a weak trend,they had a doubt about the positive role of the euro.In my opinion,however, the euro,although it is bom under some politicians' active planning,but as to the essence,it is a financial instrument that adapted to the requirements of the times,not subject to any person's subjective consciousness.It is precisely this steady state shows the successful operation of its own strong performance.As a vitality currency,the euro has been accepted by all the people and successfully exercises its functions,and has a significant impact on EU's political integration.The birth of the euro is not only a declaration of the European Economic and Monetary Union successfully entered the third stage and final stage,but also starts the EU's political integration process.The euro is inevitably the result of the development of European integration,it is also an important step of the EU's political integration.Over the past decades, every step of the euro's breeding process reflects the EU member state's strong political will. The euro is first and foremost a political decision,is an important part of the EU political integration.The use of the euro,will greatly enhance the EU's cohesion and sense of identity, will greatly enhance the EU's overall strength and competitiveness in the international arena. As the former Governor of European Central Bank,Du Ethan baker,said at a news conference after the opening ceremony of euro zone 11 countries currencies and the euro final exchange rate:"currency as a medium of exchange,denominated in units and the value of reserves and other means is important,However,the role of money is far more important. A currency is also a part of people's characteristic.It reflects the people's common aspiration of the present and the future.The euro will become a symbol of European unity."This essay begins with the introduction,clarifies the basis and meaning of the topic, research status at home and abroad,research ideas,framework and research methods.And then is the body of the article which is divided into four parts:The first part is the birth of the euro and its political background.This part is a historical review about the euro and its development process.At the same time,makes a brief analysis of the political background of the birth of the euro.The second part is the euro and the European Union.This section discusses euro's political influence on EU from five aspects,namely euro and the European "new identity"; euro and the EU welfare state reform;euro's influence on EU's political model;monetary sovereignty and national sovereignty;euro's challenge against the EU's traditional national sovereignty;euro's infiltration to Central and Eastern European countries which led to the formation of the EU Common Foreign policy.The third part is the euro's political influence on the EU's future.This section makes a forward-looking analysis from the challenges that euro faces in the process of its implementation,and concludes my own points of view.The last part is conclusion.Through the above analysis,we can see that the development of euro is not plain sailing,but I believe that the euro's prospects are bright and will have a significant impact on EU's politics.