The EURO, Eurozone & the European Central Bank

A Case Study in Sovereignty

Traditionally, when one writes of "sovereignty," one does so in the context of the nation-state, an autonomous entity that pursues specific goals and objectives in its interactions with other political entities and which acts to protect its autonomy when threatened by others. Today, however, new mechanisms of governance have been created that pose a challenge to this traditional interpretation of "sovereignty" and the state. One example is the European Union (EU), which has launched not only a currency regime (the Euro) and a corresponding zone of influence (the EUROZONE), but also created a central bank (The European Central Bank or ECB) and a parliamentary organ as well as a potentially normative constitution bringing EU an EUROZONE members into a closer and closer relationship.

European integration, initiated first by the creation of the

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Some common words found in the essay are:
Association MERCOSUR, Common Market, ECB EUROZONE, Euro EUROZONE, Sovereignty Traditionally, Union EU, American Geographers, EU EUROZONE, Bank ECB, Market Studies, central bank, common market, european union, sovereignty understood, currency regime, european central, euro eurozone, european central bank,
Approximate Word count = 639
Approximate Pages = 3 (250 words per page)