Search results
Results From The WOW.Com Content Network
Despite the claims by analysts abroad and in Greece [34] that the referendum might open the way for Greece's withdrawal from the Eurozone, and despite polls showing that Greek citizens would prefer keeping the common currency "at all costs," [35] [36] the referendum, conducted on 5 July 2015, returned a result of 61.3% for "No" and 38.7% for "Yes."
Several eurozone member states (namely Greece, Italy, Portugal, Ireland, and Cyprus) were unable to repay or refinance their government debt or to bail out fragile banks under their national supervision without the assistance of other eurozone countries, the European Central Bank (ECB), or the International Monetary Fund (IMF).
Ireland joined the UK in adopting this opt-out to keep their border with Northern Ireland open via the Common Travel Area (CTA). [1] [12] [13] Prior to the renewal of the CTA in 2011, when the British government was proposing that passports be required for Irish citizens to enter the UK, [14] there were calls for Ireland to join the Schengen ...
This system provides for a negotiated withdrawal, rather than an abrupt exit from the Union. This preference for a negotiated withdrawal is based on the expected complexities of leaving the EU (including concerning the euro) when so much European law is codified in member states' laws. However, the process of Article 50 also includes a strong ...
In 1998, eleven member states of the European Union had met the euro convergence criteria, and the eurozone came into existence with the official launch of the euro (alongside national currencies) on 1 January 1999 in those countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain ...
This proposed withdrawal is sometimes referred to as "Irexit", based on "Brexit", the common term for the British withdrawal from the EU. [5] [6] [7] Euroscepticism in Ireland is traditionally found in more left-wing and Irish republican groups.
Take steps towards a consolidated external representation of the eurozone: The EU and the eurozone are still not represented as one voice in the international financial institutions (i.e. in IMF), which mean Europeans speak with a fragmented voice, leading to the EU punching below its political and economic weight. Although the building of ...
The economy of the Republic of Ireland is a highly developed knowledge ... Their withdrawal precipitated a deep Irish property ... depending on the Eurozone, world ...