European Monetary Union and the UK The idea of a single currency has already been mentioned in 1957 when the European Union was founded. During the following years several discussions about a Monetary Union took place, but without any achievements. The first steps towards the EMU were only made in...

1 Introduction In the last decades the environmental status of our earth has been in the news frequently. The greenhouse impact, the depletion of natural resources, the diminishing biodiversity and the unprecedented rate of species extinction all point out that the status is not as healthy as it sh...