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 ?
Of course, Schaeuble and Varoufakis had different ideas regarding the ends that political union would serve.
It is ironic that the effort to achieve the political union of Cyprus with Greece not only failed but, in fact, it led to arrangements that explicitly precluded such a possibility (the Zurich and London Treaties).
Merely focusing on the burgeoning economic ties increasingly binding Taiwan to China leads to a simplistic conclusion: eventual political union is inevitable.
Creating a fiscal union without a political union would forever block the road to European unification, and set the people of Europe against one another more than the Euro ever did.
For a political union to work, one does not necessarily need a common marriage law, abortion law, or policies to promote gender equality.
Putting the cart before the horse -- setting up a monetary union before a political union -- has led the European Central Bank to become more and more vocal about the need to "complete the architecture" of monetary union by proceeding quickly to create a Treasury and finance minister for the entire eurozone.
Hofer and his allies believe the bloc should be based on economic rather than political union.
Since then, we have been put into political union on the back of apathy.
The EU is essentially a political union which, at the very worst, is inherently, unbelievably undemocratic and corrupt and is holding us back.
In fact, devolution and political union are mutually exclusive.
However, they have missed an opportunity to ask voter the three key questions: 1 do you want political union with Europe?
Treaties on trading have morphed into a political union.