Role of Strategic Alliance and Mergers in Achieving Corporate Profitability - Vodafone Case Study

This report evaluates the impact of strategic alliances, merges, and acquisitions in helping Vodafone Plc to accomplish long-term revenues and profits in both domestic and global markets. It also goes through the implementation of important theories related to global approaches, as well as the tactical decision-making procedure that allows the company to interact with its globalized economy.

Global Strategy and
International Trade

Contents
INTRODUCTION...........................................................................................................................................3
QUESTION 1.................................................................................................................................................4
Critical evaluation of the role of strategic alliance (SAs) and mergers and acquisitions (M&As) in
helping the MNC to achieve and sustain its corporate profitability................................................4
CONCLUSION.............................................................................................................................................12
INTRODUCTION.........................................................................................................................................13
CONCLUSION.............................................................................................................................................18
REFERENCES..............................................................................................................................................20

INTRODUCTION
A global strategy entails considering holistically about those areas of a business-suppliers,
manufacturing sites, customers, and competitors. It entails evaluating each services or products
in light of both domestic and global norms. But at the other hand, international commerce helps
nations to extend their business and get accessibility to commodities and services that may not be
accessible locally. The marketplace has become more aggressive as a consequence of global
commerce. One might talk about the fact that there is still a greater awareness in the research of
Multinational Firms this is less difficult to design effective international corporate strategy than
it would be to create institutional culture to carry those out. It raises attention to the possible
contributions of conceptual frameworks that investigate restrictions on institutional arrangements
and systems. Moreover, there is a common belief that we have managed to enter an era of major
shifts in strategies in strongly developed economies, fueled by competitive pressure and
interrelation, as well as quickly shifting future technologies, which has widened the attention of
company academics in micro-organizational frameworks and rational explanation in analysing
big complex corporate (Smith and Sarabi, 2022). This report based on the Vodafone Group Plc is
a global telecoms business based in the United Kingdom. It is headquartered in Newbury,
Berkshire, England, where it also has its company headquarters. Its services are mostly available
throughout Asia, Africa, Europe, and Oceania. Vodafone currently operates infrastructure in 22
countries as of November 2020, with partnerships in 48 more. Vodafone Global Business
delivers telecommunications and information technology services to business consumers in 150
countries. The British telecommunications company offers smart phone and internet solutions.
Vodafone is one of the nation's biggest telecoms in terms of subscriber base, with over 400
million subscriptions and users spread over 26 countries.
This research intends to objectively assess the impact of strategic alliances, merges, and
acquisitions in helping Vodafone Plc to accomplish long-term revenues and profits in both
domestic and global markets. It will also go through the implementation of important theories
related to global approaches, as well as the tactical decision-making procedure that allows the
company to interact with its globalized economy. This project proposes a comprehension of
global trade concepts, the significance of global expansion in the development of enterprises and

countries, global payroll system, and the consequences for the merge interchange of goods &
services (Mohamud and Koksal, 2021).
QUESTION 1
Critical evaluation of the role of strategic alliance (SAs) and mergers and acquisitions (M&As)
in helping the MNC to achieve and sustain its corporate profitability
A strategic alliance is an agreement between two firms to collaborate on a mutually
advantageous initiative while maintaining each company's autonomy. The contract becomes less
complicated but less adhering than like a joint project, in which two firms invest their money to
form a new commercial enterprise. A corporation may form a strategic partnership to enter
foreign markets, strengthen its product portfolio, or gain a competitive advantage (Xiong, 2021).
The treaty allowed two firms to collaborate on a shared objective that benefits both. The
partnership might be longer or shorter, and the contract could be official or unofficial. Strategic
alliance considered to be the fundamental cause for businesses' energy or competition, enabling
team to gain difficult-to-attain goals. This form of collaboration allows companies to broaden
their creative horizons and boost their consumer responses. This will help them to be more
productive and split financial hazards with the partner businesses. The partnership or alliance
supervisory board developed an important strategic function within enterprises in building and
sustaining a genuine strategic advantage (Van Hoyweghen and et.al, 2021).
Vodafone and Deloitte established a new strategic alliance presently to encourage the
implementation of determined based it through establishment of the Vodafone Centre for Health
with Deloitte. Its digital facility will combine Vodafone's linked health products with Deloitte's
healthcare staffing expertise, allowing many more individuals to exchange treatment from and
when they really need them. The strategic cooperation would see the two companies' media,
technological, and healthcare specialists collaborate to streamline accessibility to linked
healthcare and services for both healthcare providers and patients. The COVID-19 epidemic has
underlined the essential role of connection in delivering vital services like education and welfare.
Technologies may be made to produce medical care more economical for clinicians while also
making it even more accessible for consumers.

According to a new Vodafone Research study, 92 percent of European citizens believe
that the healthcare system requires immediate assistance through the European Rehabilitation
and Adaptation Strategy. The Vodafone Institute for Health, in collaboration with Deloitte, can
speed this assistance by technology and increased digitalization of healthcare in institutions,
community, and individuals' homes. Digitalization is a critical priority for the EU and countries
in their efforts to "reconstruct properly" in the wake of the epidemic (Kohl, 2021).
Partnership may also refer to at least two companies who make choices but collaborate
under an alliance arrangement. While businesses in this method provide flexibility to companies
in achieving their aims, they also appeal to typically fragile hierarchical defensive schemes due
to the absence of different levels – management. Although fundamental assets are transferred,
organizations engaged in partnerships grow extremely susceptible to each other in order to
comprehend their common and personal goals. This indicates that businesses should address the
problem of cooperation in a constructive way right now. This will help them identify any
tensions between collaborative efforts focused on wealth generation and competing forces
focused on brand equity.
Strategic Alliance is different from Mergers and Acquisitions thus:
Mergers, acquisitions and strategic alliances have become standard fare for modern corporate
leaders. Mergers and acquisitions have the ability to speed the implementation of a company
plan by quickly assisting a firm in expanding its goods or services mixture, moving into new
geographical or worldwide markets, capturing new consumers, or even eliminating a rival.
Merger and acquisition also enable firms acquire mobility, harness capabilities, work
collaboratively, and generate possibilities that might otherwise be impossible in this time of
profound and chaotic various measures by fast technical developments and an ever globalization.
Although their attractiveness, 75% of all mergers, acquisitions, and partnerships struggle to meet
their economic or financial goals. Numerous explanations have been proposed for this poor track
record, but study's results show that the people and institutional components of the procedure
wherein the partnership enterprises are incorporated are most important to main contributions
(Dombi, and et.al, 2021).

M&A entails significant transaction expenses and is virtually irrevocable. Businesses' meeting
may change in today's changing marketplace, and they may be looking for an agile partnership in
which the undoing process, when necessary, can be performed without significantly increasing
expenses and delays. Alliances may be a very successful approach to adopt new regional
economic, explore new avenues of development, and help to the company's progress. They are
especially effective in high-risk circumstances and in countries with economic outlook that a
firm cannot or don't want to explore by itself (Xu and et.al, 2021).
Vodafone Group Plc (Vodafone) and Sumitomo Corporation (SC) confirmed recently
that they have formed a partnership agreement to work on worldwide technological network and
internet products initiatives, as well as to share information and coordinate on new enterprise
prospects in the 5G future. Vodafone is Europe's biggest fixed wireless telecommunications
company, a major worldwide IoT connection supplier, and its M-Pesa digital platform in Africa
provides usage of mobile transactions, banking sectors, farming, schooling, and medical to over
45 million inhabitants. Vodafone runs mobile cellular connections in 21 countries and
collaborates with cellular operators in another 48. SC is an investment and commerce private
equity firm with 132 offices in 66 countries around the world. The SC Group is made up of over
900 firms from several industries, including Metallic Materials, Transporter and Building
Technologies, Architecture, Entertainment and Technology, Lifestyle Connected and Rental And
leasing, Mineral Wealth, Electricity, and Pharmaceutical and Devices. SC's Media and
Technology Department has increased its Information and Communication operations, such as

the construction of 5G infrastructures in Japan, cellular technologies in Myanmar, and
Digitalization (DX) in industry verticals (Wu, Wood and Jang, 2022).
Mergers and acquisitions have the ability to raise the return profitability of a firm. Every
successful corporation may have complete autonomy about their own operations and be free to
invest in better investment opportunities. Stocks of international corporations are increasingly in
demand. Nevertheless, because a smaller fraction of such enterprises are in the economy to help
judgments, they may influence the pricing. As costs fall, sales and income rise. Whenever two
firms merge, their share prices increase, their manufacturing capacity increases, and efficiencies
are realized. The worth of stockholders is raised. Businesses can benefit from tax breaks. The
active learning is fraught with difficulties. There is a significant likelihood of antitrust
ramifications. Then there is the issue of lengthy sustainability. There seems to be a reduction in
mobility and judgment independence. There is also a considerable chance of getting dependant.
They face financial and operating hazards. They are difficult to handle. They are also prone to
misplacing relevant data.
It is likely to acquire certain unsuitable companies, businesses, or companies in
multinational firms. It is conceivable to tackle some unwanted prices or relationships at another
period. The majority of mergers occur as a consequence of organizational integration tactics.
Mark and Mirvis previously said that study programmes on Mergers and Acquisitions involve a
distinction between "normal" situations and "successful" those that achieve their economic,
fiscal, and strategic interests. The difficulties associated with Mergers and Acquisitions includes
focusing on the elements of complementarily in a relationship. The fundamental accomplishment
variables that will influence future integrated design.
Organizational and cultural challenges entail imagining and evaluating factors combine in
various operating setups. Consider the opposing aspects of present systems and strategies, as
well as outlining the ideal interactions between different companies (Hoskins, Finn and
McFadyen, 2022).
Psychology Issues: Over the course of a partnership, a knowledge of the mind frame that persons
carry for them should be established, as should boosting public's understanding and capabilities
to adapt to the regular and also to stressors of functioning throughout a collaboration.

Management Challenges: This includes shifting from a 2 different to a truly coherent company.
This motivates people to strive for objectives that are higher than the total of their parts. The
transformation needs have been determined, and the means, which include personnel, effort, and
cash, have been prepared so that proper implementation may be implemented (Yao and et.al,
2021).
Stock value of Vodafone: The stock price of Vodafone (VOD) has been on an upward path ever
since beginning of the year, gaining and over 22 percent so far as a result of information that the
business is on pace to boost income for the whole fiscal year 2022 in accordance with senior
management projections. Currency traders responded warmly to the recent financial results, with
shares rising 3.4 percent the day after it was released and remaining on an upward path ever
since. The graph above shows that the value of Vodafone stock has recently been consolidating.
Despite the fact that the market has made several higher declines, the price movement has stayed
essentially price bracket. Nevertheless, it has managed to get beyond the 144p barrier a bunch of
days.
Vodafone Idea shares have done well on the financial markets in the last month, climbing
more than 56%. Nevertheless, the revenues have risen sharply in the last 6-7 days that followed
rumours that the Department of Transport (DOT) approved the telecom firm's issuing bank (BG),
together with peers Bharti Airtel and Reliance Jio. Some telecom companies put up bank
guarantees to cover licencing fees and improved spectral expenses. As per a PTI report, BGs
worth roughly Rs 2,500 crores have been approved for Vodafone Idea. The project is part of the
reform legislation unveiled by the administration in September. Other significant factor that has
benefited Vodafone Idea's share value is the firm's ability to raise funds and cover interests
owing to creditors by the December 13 deadline. Lenders verified the incident to Company
Needs (Ando and Hayakawa, 2021).

Mergers happen when two businesses team up. These deals often occur between two
organizations of comparable size that understand the benefits the other provides in order to
generate more revenue, efficiency, and capacities. The merger arrangements are frequently
amicable and discussed and agreed upon, and the two firms become equally involved in the new
company. Acquisitions happens whenever one firm purchases another incorporates it into its

operations. According as to whether the firm being purchased feels it is well off like an
operational unit of a bigger enterprise, the acquisition might be amicable or unfriendly. Although
the end outcome of both operations will be the same, the link between the two firms varies
depending about whether an acquisition took place (Kilindo, 2021).
In 2017, Vodafone and Idea revealed their merger, which had a significant influence on
the Indian telecom business. It was a key result of Jio's increasing domination in the sector,
which pushed other large competitors to take risky efforts to protect their position in the Indian
telecommunications sector. The corporation will also have 394 million subscribers and a 35
percent and 41 percent consumer share price, correspondingly. Because the merger is likely to be
taking 24 months, both firms have consented to function as independent entities until that time.
"Idea and Vodafone will establish a very significant firm whenever we consider at our combined
strength," stated Kumar Mangalam Birla, President of Aditya Birla. When India's largest
corporation, Reliance Industries Limited, headed by Mukesh Ambani, founded Reliance Jio
Infocomm Limited (Jio) in September 2016, the merging of tough rivals in the Indian telecoms
market occurred. Jio introduced tariffs that included personal voice and the minimum cost in the
globe. It has upended the telecoms business in a nation wherein speech telephone accounts for
70% of telecoms providers' income (Castellani, and et.al, 2021).
The key motivation for the Vodafone-Idea merger is to counter Reliance Jio's developing
domination in the broadband market. Jio has promised to give free services for the first 6 months.
As a consequence, it began to take the lion's slice of the market.
Furthermore, Jio's free apps triggered a pricing war amongst telecom operators ( as it in an
oligopoly market structure).
As a consequence, in the event of a price competition, a merger boosts trust in firms that gain
from synergies. Finally, the merged firm of Vodafone and Idea was projected to be a dominant
player in the sector. In certain areas, this became the biggest mobile telecommunication provider,
while in others, it was second-largest behind Bharti Airtel. As a result, a combined firm may
concentrate on being a cable operator throughout India.

Thus, according to the Vodafone practical example, these were the grounds for the merger of
Vodafone and Idea.
Globalisation and localization strategies are essential for comprehending a transnational
worldwide corporate organization. Globalization and localization processes and laws:
Languages for communication – create a strategy for sustainability, make executives localized at
all times, and hire local top management
Holding company strategy, business strategy, procedures, morality and intelligence must be
maintained. Parent organization should promote local enterprises to respect city ordinances,
traditions, guiding guidelines and restrictions.

Integration of the developed and developing companies - dispute resolution education for local
administrative staff and stakeholders.
CONCLUSION
As per the above report it has been concluded that In times of economic recession, it is
unavoidable for a corporation to penetrate a global marketplace. In order to access the
marketplace, global firms (MNCs) such as Vodafone must unify their R&D operations over the
globe. This is accomplished through acquiring new technical options, including the most recent
smart phones, and therefore remaining a competing force in the marketplace. To begin, the report
will describe the firm and provide an account of current activities, with an emphasis on their
trends in the market, and will address the primary rivalry encountered in a global marketplace.
Secondly, the emphasis will be on external factors and their impacts on the firm's management,
as well as outlining strategic options to counter any competing forces. Lastly, the study will
make suggestions for Vodafone's direction and how it may get to be a leading company. This
deal needed permission from a number of departments, namely SEBI, the Department of
Telecom, and the Reserve Bank of India, and some others. The Department of Transport (DoT)
has approved the merger of Vodafone India and Idea in our Vodafone case study, the biggest
Merger and Acquisition agreement in the industry, displacing Bharti Airtel from first place after
more than 15 years. The clearance criteria, which were published in March 2017 more than a
year since the arrangement, should include a Rs 7,268 crore additional payment.

INTRODUCTION
According to the optimal currency area (OCA) hypothesis, areas that are not confined by
country boundaries and have specific characteristics should use a currency union. Robert
Mundell, a Canadian economist, created OCA hypothesis in 1961, depending on previous
research by Abba Lerner. According to OCA theory, adopting currencies by geographic and
geographical area rather than by nation means higher cost productivity. To qualifying, an OCA
must fulfill four requirements, with some economics suggesting a fifth. A single region with
higher employee movement due to vast and open labor supply, along with efficient political
union - to keep poverty to a minimal level in any given zone. Prices and wages, as well as flows
of capital, must be adaptable in order to reduce trade deficits or unequal disruptions — a goal
that may be achieved via budgetary revenue payments via risk-sharing systems. The economic
trends and timeliness should be consistent throughout the areas. This will reduce the number of
surprises whenever macroeconomic information is collected. To try to transfer assets to other
places where workers/labor and investment have relocated, a centralized spending plan must be
established (Shi and Yin, 2021).
The Eurozone is a European territory in which the euro has been recognized as the single
currency. Portugal, France, Slovakia, Slovenia, Germany, Finland, Ireland, Greece, Estonia,
Netherlands, Spain, Belgium, Cyprus, Malta, Italy, Luxembourg, Latvia, Austria and Lithuania
are among the 19 nations that make up the European Community. Despite the broad perception
among academics throughout the globe that the Europe best matches the Optimal Monetary Area
concept, some have claimed that the Eurozone does not meet the Optimal Currency Unit current
theories fundamental qualifying criteria. This one was bolstered by major European nations'
government debt defaults in 2010, which had a significant impact on the euro crisis.
In this report, they will look at the Eurozone as an ideal currency region, utilizing the
notion of based on inter commerce, current international migration statistics, and other market
information on selling and salaries to estimate the level of budgetary transference or flows of
capital in latest days inside it. This will illustrate the analysis's consequences for the Eurozone's
destiny.

Labor migration within the European area
Productive labour economic regulations, which include concerns such as labour
migration, are difficult to implement and need the use of trustworthy primary and secondary data
sources. However, data on labour migration are required not only to educate political discussions
at the country, continental, and global scale, but to plan, execute, and evaluate global migration
programs that support the true consequences of immigration on labour supply and nation -
building. Certified federal statistics, and also credible assessments of the employable expatriate
community at the regional and international level, are still generally unavailable, and brief
immigration is hard to monitor. At the local, continental, and global scale, availability to critical
age- and gender statistics, data on labour market demands, jobs and qualifications, workplace
conditions and salaries, and migrant social welfare varying impacts and inaccurate (Delios,
Perchthold and Capri, 2021).
The Optimum Currency Area idea would be further explored by McKinnon (1963). He
proposed major variables for meeting the requirements of the Optimum Currency Area idea. An
Optimum Currency Area's trade liberalization, or the proportion of process and product to non-
tradable commodities, is critical. An appropriate financial administration is likewise critical to an
Optimal Currency Area, according to Kenen (1969). In a diverse economy, employing the same
currency has various effects on various sectors, culminating in distinct impacts on wage levels.
He utilised this to further emphasise that Mundell's claims were based on homogeneous
workforces and goods. Exchange rates, in combination with the influence of nations emerging
from rigorous shut downs because during that time basic household expenditure was restricted
and reserves were greater – may have figured prominently in the drop and comeback.
Developing nations' values depreciated sharply in February-March 2020, whilst developed
economies' values were typically robust over the same timeframe. This may have resulted in the
sending nations converting the typical amount of foreign sent into larger sums. Migrants'
financial behaviour during times of crisis might be a role, with migrants transferring personal
money to help their family in countries significantly hit by the COVID-19 epidemic, as well as
relatives helping foreigners in afflicted nations. Immigrants who repatriated to their country of
origin may have also deposited their funds through legitimate methods upon repatriation.

During 2019, the world's 169 million foreign migratory laborers made up 4.9 percent of the
worldwide work population in target nations. In 2019, those global foreign workers accounted
for over 69% of the country's worldwide expatriate community of formal employment (those
aged 10 years and up) (ILO, 2021). Working across major corridors is one of the most common
reasons for international migration, if it's dependent on economic inequality, job opportunities, or
perhaps both. Monetary, geopolitical, and ecological damage, as well as demographic shifts,
such as an older population in some countries of the globe and a "youth flood" in others, all
result in increased labour migrants.
As per the International Labor Organization, there were 169 million foreign workers
worldwide in 2019. (ILO, 2021). Almost two-thirds of all immigrants lived in elevated nations,
with 60.6 percent centered in 3 subsets: 24.2 percent in Northern, Southern, and Continental

Europe; 22.1 percent in Northern America; and 14.3 basis points in the Arab States (ibid.). In
relation to the number of foreign undocumented labor they host, the prominence of such three
leading subsets has not waned over time. As per prior estimations, the same 3 subsets accounted
for the majority of all foreign workers: 60.2 percentage in 2013 and 60.8 % in 2017. (ibid.) In
2019, there were 70 million women labourers globally, accounting for around 41.5 percent of all
foreign workers (ibid.). Mens migrant labourers accounted for 99 million (or 58.5%) of the
population (ibid.). Women make up a lesser percentage of overall foreign migrant employees
since they make up only a tiny proportion of all expatriate workers (47.9%), and they have a
lower labour market turnout rate than males (59.8% vs. 77.5%). (ibid.). Nonetheless, there were
also substantial geographical differences in the proportion of women among overall foreign
workers (Shivaprakash and et.al, 2021). People make up and over 50.0 percent of all
undocumented labor in Western, Southern, and Western Europe; in the Arab States, it was less
than 20.0 percent (ibid.).
Level of Intra Industry Trade
During 2009 and 2019, overall extra-euro area importation of products increased from 1, 287
billion euros to 2, 120 billion euros, as illustrated in Figures 1 and 2. During the same time
period, export industries climbed from 1,287 billion euros to 2,346 billion euros. It increased the
commodities trade balance to 226 billion euros, up from 11 billion euros in 2019. As either a

result, since the means that a significant zone commerce in products expanded from 2,562 billion
euros in 2014 to 4,466 billion euros in 2019, purchases in the euro area 19 national governments
have grown by an average rate of 5.7 percent. Nevertheless, imports in the Eurozone's 19
member states expanded at a rate of 5.2 percent per year on average throughout this time, while
export industries increased at a rate of 6.2 percent annually.
Exchange rates, in combination with the influence of nations emerging from rigorous
shut downs — because during that time basic household expenditure was restricted and reserves
were greater – may have figured prominently in the drop and comeback. Developing nations'
values depreciated sharply in February-March 2020, whilst wealthy nations' values were
typically robust over the same timeframe. This may have resulted in the sending nations
converting the typical amount of foreign sent into larger sums. The indexes are calculated using
the most thorough data available for foreign trade and intra-European Union trade figures. Price
adjustment measures are indicators of unit cost (numbers divide by amounts). A technique for
recognising excessive consists of the following is included in the computer programmers. The
computation of indexes excludes products with improbable price changes.
According to above chart, the hourly earnings wages in the European Union 27 national
governments was 27.7 euros in 2019 and 31.4 euros in the euro area 19 national governments.

This median, nevertheless, conceals large disparities across European Union Member States,
with actual salaries spanning from €6.0 in Bulgaria to €44.7 in Danish, with the estimate in
Norway being even higher (€50.2). Earnings, as well as non-wage expenditures like employers'
charitable security, make up employment costs. Non-wage expenditures accounted for 25.1
percent of total operating costs in the European Union's 27 eu member states in 2019, while they
accounted for 25.6 percent in the eurozone countries (El Imrani and et.al, 2021). Non-wage
expenses were also distributed differently throughout European Union Member States: the
largest percentages were found in France (32.9 percent), Sweden (32.2 percent), and Italy
(28.8%), whereas the smallest percentages were found in Luxembourg (11.0 percent), Malta
(5.9%), and Lithuania (5.3 percent).
CONCLUSION
As per the above discussion it has been concluded that Intra Trade Group assesses desire for
a government's product offerings and seeks to maximize its profit. It assesses the country's
transition from vertically to horizontally centralization. It is also a major measure of a nation's
economic comparable effectiveness. In the framework of the Europe and the statistics obtained
from Statistics, it is obvious that based on inter trade inside the Eurozone is extensive. Those
figures indicate that interpersonal and inter trade inside the euro zone is substantial; however it
has been stable before January 2018.
First from second quarter of 2016 to the second quarter of 2020, the Eurozone's expected total
daily wages and salaries and combined total weekly wage costs have increased. This is the result
of a decrease in the unemployment rate and a rise in job availability and employment numbers,
as seen in Figures 7 and 8. As a consequence of elevated earnings and welfare payments
combined with robust employee rights in the Eurozone countries, this has an effect on workplace
immigration or movement in the Eurozone countries (Moore, Dau and Mingo, 2021).
In the lengthy period, I expect the research will result in further budgetary tax policies
and subsidies in the Eurozone, as well as more employment rules to reduce immobility. It will
result in changes in salaries and borrowing costs, as well as capital accumulation movement
within the region. Because the euro is the single money still being used, it will also result in a

rise in trade agreements between Individual eu member countries and cheaper processing fees for
enterprises. Intra-industry commerce between european member countries, in my opinion, is a
driving factor behind the region's market interdependence. As a result, rules will be implemented
to boost intra-company commerce. Main stakeholders in the eurozone countries will also most
likely debate measures that promote real economy cooperation and synchronicity. In the coming,
nations that join the EU will benefit from increased financial effectiveness. The national
governments' native currencies will lose value in terms of currency fluctuations as producer and
consumer dynamics boost the dollar's value, which would be the monetary union in the Eurozone
region. As national governments' incorporation into the EU improves, their economic damage
will decrease. It will boost FDI into the EU and the Eurozone as the organization looks for
measures to keep cash flowing.
It will also boost the European Union's and Eurozone's total budgetary contributions. The
financial authorities that will be enacted by the States Parties are those that are announced by the
Euros, therefore policy prescriptions of National Governments receive minimal consideration.
This, I think, is one of the primary causes for the United Kingdom's secession from the European
Union, also known as Brexit, which occurred in late 2020.

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