A monetary union in Europe would mean that member nations would relinquish their sovereign power over their money supply and monetary policy.

Question

Quizplus · Accepted Answer

The creation of a monetary union would involve the establishment of a single currency and a central bank for all member nations. This would require the surrender of control over monetary policy, including the ability to print money and set interest rates, to the central bank. This would result in a loss of sovereignty over the money supply for member nations.

A Monetary Union in Europe Would Mean That Member Nations