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Library - an archive
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Economists write

Bibliography of EMU

The Euroland Economy



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The best known 19th century customs union, under which most German states progressively adopted the external Prussian tariff in exchange for the elimination of internal trade barriers. In this way (and through Bismarck's military defeat of Bavaria and Austria in 1866) Prussia came to dominate what was to become Germany, replacing Austria as the main centre of power in the German-speaking world. Under Bismarck, Germany became a united country, with a nationwide law, a single currency and a common banking system. There are striking parallels with Germany's peaceful ambitions for the unification of Europe in the latter part of the 20th century.

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