He added that Britain would lose its fiscal and monetary sovereignty because it would be forced to mirror the policies in the euro zone.
12.
Blair has refused to be pinned down, though, on whether he would definitely give up Britain's monetary sovereignty to join a European currency union.
13.
>> I should have pointed out earlier that there's no reason for a government with monetary sovereignty, like the U . S ., to default.
14.
Politically, it addresses the issue of monetary sovereignty, granted to the individual as a way to enhance his liberty; it is not a mere economical debate.
15.
In order to recover monetary sovereignty, she advocates that France should gradually leave the euro with a new conversion rate fixed to 1 euro = 1 franc.
16.
Consider Europe, where a dozen nations have put aside monetary sovereignty and cultural identity to bind themselves to a single currency and supranational institutions like the European Central Bank.
17.
Sharing a single currency also means sharing monetary sovereignty, under the new European Central Bank, something that worries many Europeans, even many of those who are attracted by the benefits.
18.
"If Argentina wants to dollarize its economy, it would have to surrender it's monetary sovereignty to the United States, " said Arturo Valenzuela, director of Georgetown University's Center for Latin American Studies.
19.
The idea of a new panel uniting finance officials of euro-area countries was broached last year by France, to placate domestic political opposition to handing over monetary sovereignty to a European central bank.
20.
In a resolution, the assembly urged the leaders to " create all conditions to found the European Central Bank as soon as possible and give it monetary sovereignty as of January 1999 ."
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