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Beginning in 1995,many European Nations Gave Up Their Own Currencies

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Essay

Beginning in 1995,many European nations gave up their own currencies and adopted the euro as a common currency under the supervision of the European Union.Explain one major advantage and one major disadvantage to a group of countries adopting a common currency and setting up a currency union.


Definitions:

Ethical Leadership

Leadership that is characterized by high moral standards, influencing others to uphold similar values and integrity.

Transformational

Relating to or involving significant change, particularly in a context that inspires or encourages improvement and innovation.

Destructive Leadership

Destructive leadership is a type of negative leadership behavior that can harm or hinder the well-being of an organization or its members.

Followers Behaviors

Actions or reactions exhibited by individuals who are led by others, influenced by various leadership styles and organizational contexts.

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