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Poll Only
What is your position?
Aye 10 (100%)
Nay 0 (0%)
Abstain 0 (0%)
Total Votes: 10
Panelysian Monetary Union; Establishing a voluntary monetary union (tCA whip for)
Topic Started: May 30 2014, 11:21 PM (413 Views)
Demphor
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The Panelysian Monetary Union Act


Acknowledging the sovereign rights of member states to maintain and grow their own economy by their own means,
Also recognizing that those joined in monetary union may benefit better depending on their economic situations,


Therefore, be it resolved by the Senate, that,

1. The Panelysian Monetary Union be established to stimulate economic growth in Panelysium.
- Those whom join may apply.
- The PMU is voluntary.
2. The Panelysian Monetary Union be established with the Panelysian Dollar ($PD).
- Those whom join the Panelysian Monetary Union do not have to adopt the Panelysian Dollar.

Therefore,
Recognizes and founds the Panelysian Monetary Union.
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Libraria and Ausitoria
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Prime Minister & Speaker of the Senate

I for one would like to express my personal support for this private proposal, although I would observe that monetary union must invariably eventually be backed up by political union, and thus my own nation will not be taking part in any such scheme.
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Libraria and Ausitoria
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Prime Minister & Speaker of the Senate

Following the absence of negative comments or suggestions for improvement, the vote is now underway. I would like to take the opportunity to remind Senators that acts are easily passed by a majority of votes cast and easily repealed by a majority of votes cast.
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Nerod
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Emperor of the GNNE.

Capitalist Association, whip: FOR.
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Mizrad
tCA Member

What standard will we be basing the PD on? Or are we just getting them all willy nilly n' such?
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Libraria and Ausitoria
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Prime Minister & Speaker of the Senate

The execution of this act will be done by the executive, so I call upon the responsible Minister, the Minister of Economics, i.e. the Nerod Empire, to answer your question.
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Spartianus
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The nation of Spartianus will support this proposal on the condition that any organizations or unions which come of it remain voluntary.
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Naybra
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Minister of Internal Affairs

Spartianus
Jun 2 2014, 07:02 PM
The nation of Spartianus will support this proposal on the condition that any organizations or unions which come of it remain voluntary.
The Western Isles of Naybra seconds this motion as we have a similar view.
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Nerod
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Emperor of the GNNE.

Mizrad
May 31 2014, 10:49 PM
What standard will we be basing the PD on? Or are we just getting them all willy nilly n' such?
We will use (at least for the first month or so) a value of 2ND=1PD.
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Libraria and Ausitoria
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Prime Minister & Speaker of the Senate

Motion passed, 9-0.
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