It causes inflation or may be deflation in the same geographical region.The Euro makes EU a strong and powerful trade partner. The investors from all over the world can invest in European Union without any restrictions and hurdles. It eases and promotes the trade with countries from other continents.The Euro makes European Union an attractive region for the investors to invest in; the foreign companies are benefited to do business all over Europe. Euro provides access to a single market for the foreign investors.The Euro is a single currency of the European Union which gives the citizens of the Europe an identity of their own. They feel proud of their currency and region as the area and the benefits for its member states increases.A single currency attracts the markets all over the world to invest in the European Union. A third country prefers to invest in the EU due to an advantage of same currency because it makes EU more powerful.The member countries of European Union are strongly integrated with each other through trade and a single identity through the similar currency. So it is obvious that these countries cannot wage war on each other as they are bound together for so many positive reasons.It increases trade among the member countries of the European Union due to elimination of the exchange rate fluctuations and increased cooperation. The cost to industry is also reduced due to the reason that the firms don’t need to buy the foreign exchange for transactions within the Europe.There are no boundaries among the member countries of EU so it will promote a stable political environment and the people can be safer travelling in member countries. Travelling. Advantages and Ddisadvantages of UK Participation in the European Single Currency.
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