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    August 15

    EU and Forex

    The EU is the world's leading trading power and thus plays a key role in international negotiations and the international markets (such as FOREX). It brings all its trading and agricultural strength to bear within the World Trade Organization, and in implementing the Kyoto Protocol on action to reduce air pollution and prevent climate change. It launched important initiatives at the August 2002 Johannesburg Summit on sustainable development. It takes a clear position on sensitive issues that concern ordinary people - issues such as the environment, renewable energy resources, the 'precautionary principle' in food safety, the ethical aspects of biotechnology and the need to protect endangered species.

    The old saying "strength in unity" is as relevant as ever to today's Europeans. Europe's strength springs from its ability to take united action on the basis of decisions made by democratic institutions - the European Council, the European Parliament, the Council of Ministers, the European Commission, the Court of Justice, the Court of Auditors.

    The EU wants to promote human values and social progress. Europeans see globalization and technological change revolutionizing the world, and they want people everywhere to be masters - not victims - of this process of change. People's needs cannot be met simply by market forces or by the unilateral action of one country.

    So the EU stands for a view of humanity and a model of society that the vast majority of its citizens support. Europeans cherish their rich heritage of values that includes a belief in human rights, social solidarity, free enterprise, a fair sharing of the fruits of economic growth, the right to a protected environment, respect for cultural, linguistic and religious diversity and a harmonious yoking of tradition and progress.

    It’s pursuit for strong Euro in the markets (FOREX and similar) is derived from the aspirations described above.

     

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