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World Geography : European union and euro advantages and disadvantages.

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World Geography : European union and euro advantages and disadvantages.
WORLD Geography.
By: Sandul Chandradasa.

WORLD Geography.
By: Sandul Chandradasa.

World Geography
Assignment 1
By: Sandul Chandradasa.

Briefly after the Second World War a unanimous decision between six European countries namely France, Germany, Italy, Belgium, Luxembourg and the Netherlands, Arrived upon establishment of the European Coal and Steel Community (ECSC) on 18th of April 1951. The basic ideals behind ECSC was to create a diplomatic and economic stability between the countries. In 1st of July 1967, The Brussels Treaty was established this was the coalition of ECSC, European Economic Community (EEC) and the European Atomic Energy Community (Euratom) to form European Communities.

Countries such as the UK, Ireland, Denmark, Greece, Spain and Portugal became members of the European Union Joined afterward in a process called Enlargements which the EU Carried out when a new country is chosen to be member of the EU. On the 7th of February 1992 the members of the European Community signed the important Maastricht Treaty this created the official European Union which also resulted of the formation of the unified currency The euro (sign: €) which was the commercial currency throughout the European Union, The sole purpose of creating the euro was to bring forth an economic and monetary union and also an intergovernmental trade pact. The Maastricht Treaty also introduced the Three pillars of the European Union, The first is the European Communities pillar handled economic, social and environmental policies. It comprised the European Community (EC), the European Coal and Steel Community (ECSC, until its expiry in 2002), and the European Atomic Energy Community (EURATOM). The second is the Common Foreign and Security Policy (CFSP) pillar took care of foreign policy and military matters, The third pillar is the establish the Police and Judicial Co-operation in Criminal Matters (PJCC) brought together co-operation in the fight against crime, It

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