The phrase "a financial union" is correct and usable in written English.
It can be used to refer to an agreement or arrangement between countries or regions to coordinate their financial policies and systems.
Example: "The European Union aims to establish a financial union to enhance economic stability among its member states."
Alternatives: "an economic union" or "a monetary union."
Nevertheless, Group of 20 leaders plan to urge European leaders to describe their plans to calm the markets, including progress on their bailout funds and on building a closer financial union.
Again her instincts are promising: she wants to build a stronger financial union, to push more liberal policies, to complete the single market, to cut welfare and to trim regulation.
Advocates of an exit say that Greece would gain from a cheaper currency, and that the politics of forging a closer fiscal and financial union between the euro zone's remaining members would be easier without a country that should never have joined in the first place.
The 17 countries of the beleaguered single currency should form a federalised political and financial union within the EU, according to the man Angela Merkel has charged with firefighting the euro crisis.
In a statement, it said it was "an important step towards laying the foundations of a financial market union with the view to ensuring financial stability in the euro area and the European Union".
The second one is a financial market union with three key elements: a resolution regime; second element, a deposit guarantee insurance; and third, we need a centralized supervision for the large 25 banks in Europe".
Ultimately, Sen sees Europe's fortunes suffering wherever financial union takes priority over political and social unity, an "oddly chosen sequencing" that transforms "economic mishaps into social adversities".
Just like a successful marriage, it takes communication, compromise, and commitment to attain that perfect financial union.
Political union can, and shall, develop hand-in-hand with fiscal, economic and financial union.
Those realities will continue to pressure Europeans toward either abandoning the currency union or accepting much more financial union.
