Business in Europe

What are the criteria for joining the euro area for EU countries that are still outside the euro-zone ? Briefly outline the possible reasons why some sectors may not yet benefit from EMU

The countries who want to join the European Union should be qualified for the criteria given by the European Parliament . The country must be a European State and the currency must be in Euro . The country must respect the principles of liberty , democracy , respect for human rights and fundamental freedom , and the rule of the law . EMU stands for Economic

and Monetary Union of the European Union . It is an agreement among the members of the European Union to adapt a common currency which is Euro . There are reasons why some sectors may not yet benefit from EMU . The EMU center might lose national control for each of the individual participating European states . That is why some countries have feared that they must give tax breaks to compete with each other and the company will give lower wages to their employees and they will have to lower the price of their products

Identify the main characteristics of SMEs (small and medium enterprises . What do you consider to be the main challenges (positive and negative ) to European SMEs once the Services Directive is fully implemented in 2010

Small and Medium Enterprises are companies who have a certain limit regarding on number of employees . Before , European countries had their own definition of SME 's but later on the European Union...