The Roots Of The European Union

One of the major benefits of membership in the EU is its strong economy. All members of the EU shares a common market making trade within the EU cheaper and more affordable. According to the CIA World Factbook, The EU has the highest GDP in the world in 2014 with 18.4T

The European Union (EU) is a political economic union of 28 members. The founders are France, Belgium, Luxemburg, Italy, Netherlands, and Germany. The Maastricht treaty established the European Union in 1993. The EU aims to ensure the free movement of people, goods, services and capital and regional development. These 28 member states have successfully integrated because of their similar cultural lifestyles.

The European Union (EU) is a unique economic and political partnership between 28 different countries. It consists of about half a billion citizens, and its combined economy represents about 20 percent of the world’s total economy (Briney, 2015). Today The European Union works as a single market, with free movement of people, goods and services from one country to another. There is a standard system of laws to be followed, and since 1999 many countries share a single currency called the Euro (Europa.eu, 2015). This essay will explore the background history of the European Union and the benefits and drawbacks of the European Union.

The European Union was initially set up as a means to terminate the conflict that occurred within Europe throughout the 20th century, culminating with the end of The Second World War (WWII) and The Cold War that followed. The EU ultimately aimed to bring the member countries together in order to form an ‘ever closer union’ between the countries of Europe, thus preventing a future battle. The Union started as the European Economic Community (EEC), which was established in 1957, and over the years endured numerous adjustments to form the politico-economic union that we know of today.

The European Union (EU) is the organization which integrates the countries listed below, both politically and economically. It is a customs union, which is an agreement amongst a group of countries to eliminate trade barriers between them on the movement of goods, services, labor and capital, and also to establish a common external tariff on goods and services coming into the union. The EU evolved from the European Coal and Steel Community (ECSC), which was formed in 1951 as a response to the First and Second World Wars to try to ensure future peace in Europe. This became the European Economic Community (EEC) in 1965, which in turn became the European

The EU and the trade agreements entered into by member countries are examples of economic integration and cooperation. The benefits of joining an economic or trading bloc and reducing trade barriers can be plenty and they encourage countries to join them, and can be gained by all of the countries who are part in the economic integration agreement.

The establishment of the EU was in the works starting from 1945, the end of the Second World War. The United Kingdom started the process of joining the EU in 1969, finally joining the community on January 1st 1973 along with Denmark and Ireland. The official establishment of the European Union as we know it today was on November 1st, 1993 in Maastricht, Netherlands. When England joined the EU, the European Parliament increased its influence in affairs so that all citizens could elect the members of parliament directly. Currently there are 28 members of the European Union, but with the recent developments of brexit, it seems as though the UK might make it so there are only 27 members of the EU. Not only was the European Union established to get rid of war, but with it’s establishment also came a new currency that many members of the EU began to use. From its establishment also came the Banking Union, which ensures safer and more reliable banking to prevent economic crisis like the one that occurred in 2010. As hoped for, the EU also hugely improved international trade and made the EU the top trading partner for 80 countries and the world’s largest manufacturers for goods and services. Free international trade is also the basis for the establishment

The beginnings of what we know today as the European Union can be traced back to 1952, and the formation of the 'European Coal and Steel Community ' by the 'Inner Six ' founding member states. The ECSC was one of the first examples of a supranational union , designed to prevent the calamity of the two Great Wars from ever happening again. The ECSC later developed into the 'European Economic Community ' in 1967, before formally becoming the European Union (EU) in November 1993.

The European Union as we know it is an economic union of countries which make their own policies concerning economies, societies, and law. Created in 1993, the European Union now contains 28 countries in total, and is now the biggest economic union in the world by GDP. For big countries, the creation of EU was the removal of many trade and non-tariff barriers. Trade has increased approximately 30% since 1992. For smaller countries, it was a stepping stones for economic growth and negotiation power with larger nations. Since before the creation of EU in 1993, Europe were already the world largest trading regions, but the trading were complicated by

The creation of the European Union is rooted at the very beginning, for most of Europe history countries had always been at war. This caused a decline in trading since Europe had always been a continent with trade barriers, tariffs and

The European Union has many unique feature. It is the unification of European countries in a way that establishes a bond in such a unique way that it is the only one of its kind. The European Union was formed in the 1950s at the end of the Second World War. This was to help prevent another disastrous war from occurring because if the nations of Europe were all allies, then they would have no reason to go to war with each other. The European Union was created because it was a way try to insure world peace and both economic and political tranquility in Europe. This is understandable, after battling two world wars on European soil in less than 30 years, it was logical that a Type of unification would take place to try to dissolve the idea of

The European Union itself is a powerful entity. From its beginning in the 1950 's, it was meant to be an economic, rather than political or militaristic means to spur prosperity. Its purpose is to allow the less restricted movement of capital and goods across the borders of European countries. Even more, a common currency eliminates the hassle and frustrations that come with international trade otherwise. Another benefit is the elimination of tariffs and other trade restrictions, which disappear with the imposition of common trade standards everywhere within the Union.

After World War II, it was clear that Europe was in need of economic restructuring. The European Community (EC) originated in 1957 an d eventually became the European Union, now made up of 28 member states. (Gerber , 2014). The EU trade bloc allows free movement of goods,

First, what is the European Union? The European Economic Committee(EEC) was founded in 1958 by six countries; Belgium, France, West Germany, Italy, Luxembourg and the Netherlands. The purpose was to ease tariffs and encourage trading between countries in the hope the when countries that share an economy they will be less likely to go to war. The list of countries expanded to twelve by 1986. The EU can trace its

By spending part of their education or training in another European Union country, the citizens can acquire an insight into other work environments and gain skills that are very useful in later life. By having a closer joint effort and sharing the experiences with other European countries will bring democratic traditions and modern way of living to the society of new member states. Also, with it being a single market, there are no barriers between the other countries. With the removal of custom barriers it will enable producers to cut production costs, which will result in export increases. In addition to this the integration into the European Union will encourage foreign investment. With encouraging foreign investment it will create new jobs and will bring new technologies and experience into East-central European industry and trade. The process of adapting to a single market may be difficult, but it is necessary for economic growth in the long run. European Union regional policy seeks to reduce social and economic differences between senior and new member states. That is saying the Union is trying to allow the newer member states to compete with the older member states. This helps to solve the problems of a transition period. (Venckute) There will also be lower interest rates. Why do you think there are going to be lower interest rates? Interest rates depend on the state of