Political Union


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Related to Political Union: Common Market, Economic union

Political Union

The transfer of most or all sovereignty from two or more states to form a single state. A political union may be a unitary state; that is, all constituent states cease to have legal existence (except maybe as administrative divisions) and they are subject to the same law. Alternatively, a political union may be federal, in which the new state is given certain responsibilities and remaining powers stay with the previously independent states. Political unions generally have one currency and have no trade barriers between constituent states.
References in periodicals archive ?
Berlin has traditionally backed a rules-based eurozone in which every member state is responsible for its own finances, including bank bailouts, with political union limited to a fiscal overlord's possessing veto power over national budgets that violate the rules.
So there are market-based alternatives to political union that could keep the euro zone's monetary union on the road.
And indeed, the language of a larger political union was embedded in Europe's treaties, to be interpreted by the European Court of Justice and subsequent generations of European decision-makers in ways that supported the construction of a common European polity and identity, as well as a unified economy.
Most IT hardware, software, toys and even some foods I have recently bought were manufactured in the Far East, none of them in the EU political union, so why should we be?
German Chancellor Helmut Kohl indeed promised political union as a follow-up to monetary union during the parliamentary debate on the ratification of the Maastricht Treaty.
It's clear Juncker wants political union, and all the people who voted for him want political union.
Zanzibar maintains a political union with Tanzania, but has its own parliament and president.
The Customs Union is a political union of authoritarian states, more economically developed than Kyrgyzstan, disapproving parliamentary democracy and political competition.
For most of them, the decision to make reforms and join the EU was more radical than the one Macedonia would make because they came out from a more rigid system and political union.
Mercedes will want to go on selling their motorcars in this country and our customers, if they like Mercedes, are going to want to go on buying them and we can do all of that as normal trading partners without a political union.
Describing what Scotland's exit would mean for Wales, he told the Daily Post: "I think we stand to lose what the rest of Britain stands to lose, our ability to stand taller in the world as part of a enormously successful political union, and also our ability within Britain to look right across the piece and distribute resources.
The statement added that " during the meeting, al-Mulla expressed his thanks to Barzani and presented an overview of the results of the political union and the establishment of the Kurdistan Democratic Party in Syria , as well as the functions and the recommendations of the conference .