How The Eu Was Set Up And The Advantages And Disadvantages Of Membership

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 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

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 (European Commission, 2015). Countries accede to the union by becoming party to the founding treaties, thereby subjecting themselves to the privileges and obligations of EU membership.

The European Union (EU) was created when the Maastricht Treaty, or now known as the Treaty on European Union, was signed in the early 1990’s. The document marked an essential milestone in the success and development of many European countries. It paved the way for many other future treaties and it also created the EMU or the European Monetary Union (“Europe Without Frontiers”). Though there were other economic European federations prior to the EU, the EU has by far been the more prosperous one. The EU was created to help unify Europe after WWII ended. With the signing of the Maastricht Treaty, a central banking system was created, which would eventually set up the creation of the Euro (the currency currently used in most of Europe). There are both ups and downs to the European Union as the world has seen with the latest news on Britain leaving the federation. With England out of the European Union, the world will suffer enormous global economic ramifications.

In its historical context discuss why and how the EU was set up and the advantages and disadvantages of membership.

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 European Union was founded in the wake of World War II, in the hopes of promoting trade between member nations, who would be unlikely to go to war with each other. It presently consists of 28 nations, with over 500 million citizens. [1] At its governing level, the Union is split into 7 bodies, each with varying responsibilities similar to the branches of the United States government. The EU has 3 additional branches to supplement the Executive, Judicial, and two Legislative branches. There is a Central Bank, an official Auditory branch to keep the Banking branch in check, and an advisory branch to decide the policies and overall direction of the EU. The laws, policies, and treaties enacted by the EU supersede those of its individual member nations, even if they are in direct contradiction to that nation’s laws. [2] The average

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

In recent history, following World War II, the Paris Peace Treaty and The Potsdam Agreement, reorganized Europe’s countries dramatically and by the late 1940’s the idea of a European Union was presented. It began as a way to preserve peace among the nations of Europe. In 1951, the first

The roots of the European Union can be traced back to the early 1950’s when a small number of countries made a decision to join together as a way to resolve any potential conflict nurture economic growth and common values across the continent. There was a desire to promote common values and membership was opened to all European countries. Since the inception the number of members has grown from a founding six countries to what we now know as the modern day EU with a current total of 28 countries with a further 8 countries under application review. In 1992, what was then a group of twelve countries, joined together to form the Customs Community Code which was eventually introduced in January 1993. The code effectively merged the individual customs regulations in to a single customs union.

The European Union is the economic and political union, which consists of 28 democratic European countries: Austria, Belgium, Bulgaria, Cyprus, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and United Kingdom. It is based on the principles of freedom, democracy, respect of the rights and general freedom of people, as well as on the principles of the constitutional state, which are shared within the country-members. This union is considered the most developed intergovernmental organization regarding to its power, effectiveness, and capacity to influence. Although, all those members

Since its founding in 1958, the European Union’s main purpose has been to promote peace, human rights, cooperation, democratic ideals, and the well-being of the European people. It has enabled Europe to emerge from destruction of World War II with a much unified marketplace, connected through a single currency, the Euro. The EU is a unique structure in that it is one of the biggest governing alliances worldwide that has been reasonably successful in its purpose. There are several elements of the structure, such as the European Council, European Parliament, Council of the EU, and the European Commission, as well as many others that help the EU to run efficiently and effectively.

European Union was formed with a lot of expectations. Despite closeness and similarities, the various nations of the European continent fought bitter wars for thousands of years within themselves. After the devastating World War II, finally everyone saw the light and decided to give a chance to peaceful coexistence. However, EU’s path hasn’t been smooth. Many critical economic as well as political problems have emerged throughout the last decade, raising questions about its credibility.

The European Union (“EU”) is an economic and political vehicle between 28 European countries, including the United Kingdom, that allows national governments to pursue shared and national interests. The United Kingdom became a Member State in 1973. The EU was born out of a quest for peace following the devastating effects of World War II. To that end, six nations signed the European Coal and Steel Community Treaty, in 1951, to share their coal and steel resources. This agreement was subsequently replaced by the European Economic Community (“EEC”), which was eventually renamed the “European Community” (“EC”). The EU, which was created by the Maastricht Treaty, replaced the EC when it formally came into being in 1993 following ratification of the Treaty of the European Union (“TEU”) by Member States.

The European Union (EU), a partnership of 28 European countries, evolved from the European Economic Community in 1957 that contained six original members, not including Great Britain. The primary objective of the EU is to increase trade and movement of goods, services, and people, and to ensure economic growth between these nations. It also enacts legislation relating to justice and international affairs. On June 23rd, 2016 the Brexit referendum was held. The decision to leave won with a small victory of 52% with almost 72% of eligible electorates vote (Wheeler, Hunt). The United Kingdom’s vote out of the European Union, also known as Brexit, can be traced back to the ideals from Enlightenment