Unit 5 & 6 - POL 2000 Research Paper Example | Topics and Well Written Essays - 2250 words

Unit 5 & 6 - POL 2000 - Research Paper Example With each country enjoying its leverage in different sectors. Secondly the threat of impact on one would lead to impact on all which has been seen in the case of European Union. Therefore each of these three nations would object to this idea. Other challenges include the rate difference in the currencies of the three states. The possible solution can be found in form of domestic currency versus international currency as a common currency. However it is still far from practical implementation. In personal capacity, having seen the challenges faced by the European states and especially with the relatively meager states in Europe such as Greece, Portugal and Spain that have been time and again bailed out and despite that they have found it difficult to continue with the common currency, therefore a common concept prevails that the common currency may not go too well in the favor of the weaker economic states such as Mexico in