The closer intertwining of European economies has had two significant effects on exchange rate relationships for euro area countries First, the cost of not being able to devalue within Monetary Union has fallen.
Although their employment has been progressing, there remains considerable room for improvement, as there are gaps between what they can accomplish through their ability and will, and what they actually are assigned to do. The fourth is employment of foreigners. Although their employment has been increasing gradually, it is still vital to further develop systems to accept them.