My Personal Choice is the FAP Turbo

The European Union was developed as an institutional framework for the construction of a united Europe. The EU currently consists of 27 member countries, and most of these countries share the euro as the common currency. The currency countries form the European Monetary Union (EMU) and also share a single monetary policy dictated by the European Central Bank.

The EMU is the world's second largest economic power. With a highly developed fixed income, equity, and futures market, the EMU has the second most attractive investment market for domestic and international investors.

The EMU is both a trade-driven and capital flow-driven economy; therefore trade is very important to the economies within the EMU. Unlike most major economies, the EMU does not have a large trade deficit or surplus. In fact, the EMU went from a small trade deficit in 2003 to a small trade surplus in 2004. International clout is one of the primary goals of the EMU because it allows the individual countries to group as one entity and negotiate on an equal playing field with the United States, which is their largest trading partner.

The European Monetary Union is primarily a service-oriented economy. In fact, a large number of the companies whose primary purpose is to produce finished products still concentrate their EU activity on innovation, research, design, and marketing while outsourcing most of their manufacturing activity to Asia.


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