1. The Basic Model.- 2. Monetary Policy in the Union.- 3. Fiscal Competition between Germany and France.- 4. Fiscal Cooperation between Germany and France.- 5. Competition between the Union Central Bank, the German Government, and the French Government.- 6. Cooperation between the Union Central Bank, the German Government, and the French Government.- 7. Competition between the German Labour Union and the French Labour Union.- 8. Cooperation between the German Labour Union and the French Labour Union.- 9. Competition between the Central Bank, the German Labour Union, and the French Labour Union.- 10. Cooperation between the Central Bank, the German Labour Union, and the French Labour Union.- 11. Inflation in Germany and France.- 1. The Basic Model.- 2. Monetary Competition between Europe and America.- 3. Monetary Cooperation between Europe and America.- 4. Fiscal Competition between Europe and America.- 5. Fiscal Cooperation between Europe and America.- 1. The Basic Model.- 2. Fiscal Competition between Germany and France.- 3. Fiscal Cooperation between Germany and France.- 4. Competition between the European Central Bank, the German Government, and the French Government.- 5. Cooperation between the European Central Bank, the German Government, and the French Government.- 1. The Small Monetary Union of Two Countries.- 2. The World of Two Monetary Regions.- 3. The Large Monetary Union of Two Countries.- Synopsis.- Conclusion.- Result.- Symbols.- A Brief Survey of the Literature.- References.