Preview

European Union Brief Info

Good Essays
Open Document
Open Document
759 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
European Union Brief Info
The European Union

The European Union (EU) is a unique economic and political union of 7 member states which are located primarily in Europe. Its capital is Brussels. The EU traces its origins from the European Coal and Steel Community and the European Economic Community, formed by the Inner Six countries, which were France, Italy, West Germany, Luxembourg, Belgium and the Netherlands, in 1951 and 1958 respectively. In the intervening years the community and its successors have grown size by the accession of new member states and in power by the addition of policy areas to its remit. In 1986, in addition to the accession of Spain and Portugal, a flag was adopted. The flag of Europe consists of a circle of 12 golden stars on an azure background. It is often used to indicate Eurozone countries. The EU operates through a system of supranational independent institutions and intergovernmental negotiated decisions by the member states. Important institutions of the EU include the European Commission, the Council of the European Union, the European Council, the Court of Justice of the European Union, and the Europe Central Bank. The European Parliament is elected every five years by EU citizens. The EU has developed a single market through a standardized system of laws which apply in all member states. Within the Schengen Area (which includes 22 EU and 4 non-EU states) passport controls have been abolished. EU policies aim to ensure the free movement of people. Goods, services, and capital, enact legislation in justice and home affairs, and maintain common policies on trade, agriculture, fisheries and regional development. A monetary union, the Eurozone, was established in 1999 and is composed of 17 member states. Through the Common Foreign and Security Policy the EU has developed a role in external relations and defense.

You May Also Find These Documents Helpful

  • Good Essays

    The European Union is a political and economic Union, which is collectively made up of twenty-eight European countries. The intention of the European Union is to foster economic and political cooperation between the member states, and “to make war not only unthinkable, but materially impossible.” (Schuman Doctrine) The belief of the European Union is that by promoting trade and interdependence between the member states, it will not only make them less likely to engage in war with each other, but it will also be against their best interests both politically and economically. Today, the European Union collectively possesses the world’s largest economy, is home to the world’s third largest population, and is the world’s largest exporter and…

    • 836 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Irelands experience with regional integration is the history of the involvement between Ireland and the E.U. In January of 1973 Ireland joined the EEC and participated in all the economic, monetary, and social programs. Many of the programs that came about by the integration are; common agricultural policies break with estg 1979, European social funds and H.R. development policies, European regional developmental funds 1975, and direct elections to European parliament 1979. Ireland is also one of the 11 founding members of the Euro zone which is officially the Euro area, and is an economic and monetary union. The EU is made up of sixteen countries, Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.…

    • 1165 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    One of the most prominent and powerful economic groupings is the European Union (EU), originally founded as a trade union between 6 European countries including West Germany, France and Italy to improve trade links for coal, iron ore and other natural resources need to fuel repair and redevelopment of urban areas after WW2. Since its conception, the majority of western European countries have joined the EU which has now grown to integrate the countries beyond the trade of natural resources.…

    • 1027 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    One of the primary reasons for the introduction of social and economic groupings was to create an economic system called a ‘single market’ which is where in the group, each country has control over a particular resource so that they can have a stable income and also so that if there is unrest between the countries they don’t instantly go to war because if the country the instigator. For example, if Germany was in control of iron within the EU and there was conflict between Germany and Italy then the Italians would not go to war because the Germans have control of the metal for the weapons that they need. This was in fact the first task of the EU, to create a single market so that there was the free circulation of goods, capital, people and services within it. Thanks to the introduction of the Euro in 1999, the economic integration was successful and this also annihilated the issues of the exchange rates and made trade much easier.…

    • 334 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Geog 3

    • 1507 Words
    • 4 Pages

    The introduction of a social and economic grouping is often to create a single market, such as was the case with the EU and NAFTA. The European Union is an economic and political union of 27 member states which are located in Europe – its roots are with the EEC which was formed in 1957. The European Union was fully established when the Maastricht Treaty came into force on 1st November 1993. The original objective of the EU was to create such single market, so that there was the free circulation of goods, capital, people and services within it. The integration of the economies was largely thanks to the introduction of the Euro in 1999. It helps to build a single market by easing trade and travel by eliminating issues of exchange rate. The single market is eased in to existence by the creation of a customs union with a common external tariff on all goods entering the market. The free trade that takes place within this bloc can often increase competition creating more businesses and reasonable prices, or they can offer subsidies to assist in the development of a particular sector, such as in the Common Agricultural Policy. NAFTA is a further example that is solely a trading bloc, between Canada, the USA and Mexico. Trade between NAFTAS members tripled between 1993 and 2007 ($306 billion to $930 billion).…

    • 1507 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    The European Union (EU) is economic and political union which is located in Europe in Brussels. It consists of 785 members representing the 492 million citizens of the 27 Member States of The European Union. Countries which join EU are Austria, Bulgaria, Belgium, Czech Republic, Greece, Hungary, Portugal, Cyprus, Estonia, Luxembourg, Denmark, Finland, Slovakia, France, Italy, United Kingdom, Germany, Ireland, Lithuania, Latvia, Malta, Netherlands, Poland, Spain, Romania, Slovenia and Sweden. EU is elected every 5 years throughout all the Members States.…

    • 1048 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    European Union

    • 478 Words
    • 2 Pages

    The European Union is an economic union consisting of 27 member states. To make a free market and remove trade barriers between member states are the ultimate aim of European Union (Hill p289). Among these ,17 nations are members of the ‘Eurozone’, distributing a currency with the purpose of further assimilating economic systems and plummeting trade obstacles caused by international currency conversion . As a member in Eurozone ,their fundamental goal is to maintain harmony because they have to depend on each other and their economy are interrelated.…

    • 478 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Why Was the Eu Created?

    • 787 Words
    • 4 Pages

    1. Why was the European Union created? Are these goals still matching the actual needs of the Union? In 1795, German philosopher Immanuel Kant wrote in his famous essay Towards a Perpetual Peace that the ‘the spirit of commerce sooner or later takes hold of every people 1 and it cannot exist side by side with war’ . In the case of the European states this spirit has been able to manifest itself through the evolutionary creation of the European Coal and Steel Community (ECSC), the European Economic Community (EEC) and finally the European Union (EU), through the Treaty of Paris (1951) and the Treaties of Rome (1957), Maastricht (1992) and finally Lisbon (2007). The ECSC was created in the wake of Europe’s need to rebuild as a primarily economic cooperative focused on the resources of the British occupied Ruhr Valley. Initially evolving into a union to promote trade by abandoning internal tariffs, the EU quickly evolved into an entity looking to safeguard prosperity and peace across its member states by broadening the cooperative spirit of trade into a more political union. While this purpose continues to act as the foundation of the EU’s purpose and ability to act, the shifting geopolitical landscape and the emergence of the EU as the single largest trading bloc in the world – endowed with the power to expand geographically – require the EU to go beyond its initial purpose to serve as a relevant actor on the world stage. th As the European Union continues to expand – planning to add its 28 member, Croatia, in July of 2013 – it is expanding into a region where its founding purpose will be very much needed and relevant. The Balkans experienced continuous political instability and conflict between the onset of the Yugoslav Wars in 1991 and the declaration of Montenegro’s independence in 2006. Adding a second former Yugoslavian territory to the Union will help to incentivise neighbouring countries to align their policies to the EU’s as they gear up their own membership…

    • 787 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Notes Chapter 21 WWI

    • 1301 Words
    • 4 Pages

    European Union: The final step in a series of arrangements to increase cooperation between European states in the wake of World War II; the EU was formally established in 1994, and twelve of its members adopted a common currency in 2002.…

    • 1301 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The European Union have many members of which the UK is a part of and 27 members are the states. The European Union is a government department…

    • 635 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Nafta Essay

    • 457 Words
    • 2 Pages

    The European Union is an economic and political union of twenty seven states located in Europe. It has developed a single market through a system of laws which apply to all members to ensure free movement of people, goods, and services. It maintains common policies on trade.…

    • 457 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The philosophy behind the EU is a strange mixture of Capitalism and Communism - a form of Euro Marxism which owes much of its dogma to the Pre-World War II Italian Marxist Philosopher, Antonio Gramsci. The nearest ideology to that practiced by the EU is something called Communitarianism, or what Tony Blair [Former UK Prime Minister] 1997 - 2007] called the 'Third…

    • 523 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The countries that currently compose the Eurozone are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. In order to join the Eurozone, European Union countries had to qualify by meeting the terms of the 1991 Maastricht Treaty in terms of budget deficits, inflation, interest rates and other monetary requirements. The European Union countries that declined to join the Eurozone are: the United Kingdom, Sweden and Denmark. Monetary policy of the Eurozone is the responsibility of the European Central Bank which is governed by a president and a board of the heads of national central banks. The Eurozone is largest trading area in the world and one point in time challenged the U.S. Dollar for global supremacy, but large deficits and sovereign debt by many of the countries exposed the Eurozone’s vulnerability. Furthermore, the Eurozone’s sovereign debt crisis demonstrated the interdependence of the European Union and also the lack of leadership in order to respond to the problem with a strong fiscal and monetary policy. Germany and France considered the most stable economies called on the weaker countries to embrace strict austerity measures which caused much popular unrest bringing down both the government in Italy and…

    • 3887 Words
    • 16 Pages
    Better Essays
  • Good Essays

    The strategic interests of the EU in terms of stability and peace, security and conflict prevention, is the basic postulate of creating the EU in general. The aim of the EU is certainly a compact unit with stable, prosperous and democratic neighbours. This policy contributes more prosperity and growth opportunities, also to increasing connectivity of the transport and energy routes, as well as the reputation of the EU in the world. On the basis of common values and common security interests, the EU can be more efficient in coping with current challenges.…

    • 1050 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Notes on the European Union

    • 17616 Words
    • 71 Pages

    1) Key theoretical approaches to the European Integration Background – Intellectual context -­‐ to understand the theories of European integration, it is important to consider the intellectual context from which the idea of European integration emerged Federalism – Altiero Spinelli -­‐ -­‐ -­‐ -­‐ -­‐ Spinelli: leader of the European Union of Federalists: Idea: after the Second World War, the classes most privileged under old national system will seek a new order of nation states, that might appear democratic, but the power will return to the privileged classes eventually à renewing war between states Proposal: to prevent this development, create a federal European state to subordinate national governments to a federal authority à strategy of the Federalists, aimed to create a federal constitution for Europe Development: Congress took time to organize, taken place in Hague in 1948. By that time, national political systems were already re-­‐established à Congress turned into the Council of Europe, not a new federal constitutional order Problem: diversity of Europe, different connotations in different part of Europe Mitrany: born in Romania, lived in UK and US, to build a “working peace…

    • 17616 Words
    • 71 Pages
    Good Essays

Related Topics