Unity Under Siege

April 2009
Harvard International Review;Spring2009, Vol. 31 Issue 1, p32
This article discusses the threat posed by the financial crisis to the European Single Market, the principle upon which the fundamental unit of the European Union (EU) rests. It explains that the move by France and Germany to bailout their automobile companies has met protestation from Eastern European members of the EU for being protectionist. Bailouts tend to be viewed by other countries in the EU as against the "four freedoms," which is the principle of unrestricted movement across Europe of people, goods, services and money. It also notes that the lack of coordination between national stimulus packages to deal with recession are threatening to ignite quarrels over calls of protectionism.


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