International Relations
Euro Banks
This is a paper on Euro Banks adopting rules. There is one reference used for this paper.
There are a number of changes occurring in the international money markets today. It is important to look at an article concerning the reluctance of Euro banks to adopt rules and determine its pertinence to international business.
New Rules
There is pressure for European banks to adopt "new global bookkeeping rules by 2005-the target date for European Union (EU) adoption (http://money.cnn.com/2004/04/05/news/international/eurobank.reut/index.htm)." Those in favor of the rules point out this will be good for international trade, as these rules are like those used by the United States. While some say they will adopt the measures, they stress they are doing so only due to pressure, not because they feel the rules are good. The French are strongly opposed because the "new international rules could be out of line with their national accounting regime, as well as threaten Europe's financial system (http://money.cnn.com/2004/04/05/news/international/eurobank.reut/index.htm)." While it may not be known until September 2004 whether the commission will to adopt all of the rules, many banks know they will have to decide sooner in order to complete internal accounting changes.
International Business
These new rules could have a huge impact on International business. If the entire European bloc adopts the accounting changes, not only would the "quality of financial reports improve (http://money.cnn.com/2004/04/05/news/international/eurobank.reut/index.htm)," but conducting business with countries such as the United States will be uniform. The decline in accounting errors from inconsistent accounting practices could result in increased profits for companies worldwide.
Conclusion
There is a push in Europe to adopt new accounting rules by the year 2005. While some banks are concerned about the financial system now in place, they have stated they will reluctantly agree to the changes which are similar to those currently used by the United States.
References
Unknown. 05 April, 2004. "Euro banks to adopt rules reluctantly." (accessed 12 April 2004). http://money.cnn.com/2004/04/05/news/international/eurobank.reut/index.htm
104).. Berlin district mayor, Neukolln, asserts that multiculturalism in German has fallen short. Evidence shows that the recent increment in immigration is because of economic refugees from southern European nations because of the euro disaster (Conradt 2013, p.117). However, the debate regarding the considerable rise in immigration in German falls back to the Turkish community integration, which depicts the uppermost number of foreigners in Germany, the Europe largest economy. Scores of
2091). Today, the European Union is an international organization comprised of 25 European countries that governs common economic, social, and security policies. While it was originally restricted solely to the nations of Western Europe, the EU has since expanded to include several central and eastern European countries (Gabel, 2006). The countries of the EU today are, in alphabetical order, Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary,