[hedgetrimmer]

The monetary union is a tool to create one country out of several. Are the Gulf states forming their own 'union'?

[hedgetrimmer]

May 1st - The creation of Great Britain

1707 The Acts of Union uniting England and Scotland under one Parliament and Crown came into effect...

...Monetary union and a customs union were created.

[hedgetrimmer]

Southern Africa: SADC Region's Free Trade Goals a Challenge

Since 2000, Sadc countries have been implementing a programme towards creating a Free Trade Area by 2008, a Customs Union by 2010, a Common Market by 2015 and a Monetary Union by 2018

As part of its implementation, Member States have been negotiating tariff reduction schedules, rules of origin, a dispute settlement mechanism, special product agreements, elimination of non tariff barriers and harmonisation of customs, trade documentation and clearance procedures.

[staytrue]

I think you are against nafta if I remember.

Everyone across the globe is trying to form localized free trade zones though.

[Jason_b]

"The monetary union is a tool to create one country out of several."

Yes, but what kind of country? More like an hostile takeover, a buyout, of several countries that are merged under the auspices of the entity that would be the issuing authority of the new money (debt).

[hedgetrimmer]

Some research for you.