Will the European Union Collapse?

The EU was created after the Second World War to unite the neighboring countries of Europe. It was established by six European countries in 1951: France, Belgium, Luxembourg, Italy, Netherlands and West Germany (Briney, 2015). Today it consists of 28 countries united to create an economic and political community (Gov.uk, 2014).

The European Union is now taking over Europe! The European Union is the way to keep most countries on each other's side. The European Union started after Europe was destroyed after two world wars. Six countries decided to work together and create a union. Now, the European Union consists of 28 countries, (64% of Europe) and has many candidates who are financially stable. The European Union has divided Europe in culture and politics.

The European Union consists of 28 member states and has a population of 503 million inhabitants, and a total surface area of over 4 million square miles. The EU has its own currency, the Euro, and the largest single market in the world. It is a global community and power and has a huge influence on our world today in many aspects, and has been slowly built up to what it is today through humanistic ideology , common interests, new structures, treaties, economic policy and the attempt of equality throughout.

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

"Europe must prevent Greece from becoming an out-and-out catastrophe and make sure that the same fiscal 'remedy' is not applied to other weak economies" -- Franziska Brantner

Europe was a politically and fragile continent after the Second World War that claimed millions of lives. It is in that background, that the first steps to European integration were taken with the establishment of the European Coal and Steel Community (ECSC). The celebrated Schuman Plan, laid the foundation for the first real supra-national economy in the world, that is, the ECSC. The European integration continued through the decades with the establishment of the European Economic Community (ECC) and the European Union (EU). In the recent period, the EU has come under intense questioning with the economic crisis in Europe starting 2007. The recent Brexit vote has put further questions on the future of the EU. This essay considers the process of European integration through the decades and also discusses the advantages and disadvantages of the union.

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

When the European Union was established the cause was rooted in European peace. After the Second World War, many European countries found themselves in ruin and saw an emerging superpower in the east in the U.S.S.R. Countries in Europe decided it was in their best interest to form a federation of European countries in order to promote a more safe and secure Europe. For the most part, it has worked, “It is no coincidence that the longest period of peace in written history in Europe started with the formation of the European Communities”(Juncker 2016). Europe quickly started signing economic treaties to help promote better trade between countries and this gradually expanded

“Critically evaluate the roles of the main EU institutions (Council, Commission and Parliament) in the management of the continuing economic/financial crisis”

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,

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.

Since the inception of the European Union, it has been plagued with numerous problems and currently it is facing in of the biggest problems right after dealing with an economy in recession to a point where Greece had to be bailed out. There is unrest like none other among the European Union member countries to withdrawing from the union led by the United Kingdom. This is in the wake of eastern European being buried in civil war as is the case with Ukraine and the war threatening to spill over to Poland. Its unending war with Russia is leading to the unrest worsening. The United Kingdom as the main driver of the European Union policy driver has been meddling in the affairs of Russia and Ukraine leading to Russia threatening to cut off its oil supply to Europe as it is the main producers and supply of oil to Europe.

European monetary union has replaced national currencies with a single currency, the euro to eliminate exchange rate variability among eurozone member countries. The European Central Bank manages the European currency the euro, whose primary objective is price stability, defined in practice as involving inflation less than 2 percent. A series of fiscal rules were (unsuccessfully) adopted to prohibit the bailouts of member states from the eurozone.

People have created unions many times but not all of them were successful, specifically when we consider alliances among number of countries with different economics, political systems and culture. For instance, last century brought both the biggest collapse and the most promising union in the modern history. Although U.S.S.R has disappeared from geographical maps, some of its members joined another alliance. The European Union (EU) is an economic and political partnership that united 28 countries on the European part of Eurasia and represents a unique form of cooperation among members today.

The Union shall establish an internal market. It shall work for the sustainable development of Europe based on balanced economic growth and price stability,