European Union
The idea of a single united Europe might never have risen if it had not been for the devastation left by World War II. After the war, economic unity became a very appealing concept. The Western European countries were no longer a great power; France and England lost most of their African and Asian Colonies and Germany was divided in two. As this was all taking place, the United States and Soviet Union quickly emerged as the world?s leading powers causing the European countries to be economically dependent on them. In order to promote economic stability after World War II, ten European countries set up the Council of Europe in 1949. This council did not focus on national defense or military activities but instead attempted to unify the members in order to improve their economic well being. As time passed, more countries joined bringing the number up to twenty-three. In 1950, a French statesman named Jean Monnet, promoted the idea of unification based on economic needs of European countries. Monnet approached France?s foreign minister, Robert Schuman, with an idea of uniting France and Germany?s coal and steel resources. Schuman liked the idea and had him draft a document known as the schuman Declaration. This declaration put Franc . . .
The ECSC, Euratom, and EEC eventually merged into one administrative system know as the European Community which was later joined by Great Britain, Denmark, Greece, Ireland, Portugal, Spain and eventually East Germany after it merged with West Germany. But a European currency in the form of notes and coins can only be issued by a European Central Bank which at that time did not exist. At a meeting in Rome, the EU voted to withdraw trade preferences from Yugoslavia, to terminate an agreement for economic aid, and to urge the United Nations to impose an oil embargo against the country. In the recessionary cycle of the early 1990?s, the European Union seen that unemployment among its community was rising put its policies into effect which decreased unemployment. The first treaty established the European Economic Community which removed barriers between the member countries that consumed money and time. By eliminating borders, new firms from other member countries enter the existing market. But many also worry about their jobs and their country?s industries ability to compete with other major industrial nations. 5 trillion in goods and services each year, putting them behind the United States and ahead of Japan. Banks for example, are now more competitive, more international in their operations, more diverse in the products and services which they offer and more explicit about the fees which they charge. As the world counted down the final seconds to the year 2002, members of the European Community counted down with pride as they realized the huge success which they had achieved by fulfilling the ambitious dreams of the its founders of 40 years ago to bring together the nations of Europe in a peaceful union. However competition did not only increase in the banking industry, but many other industries such as the telecommunication and information services industries as well. But in order to emerge ahead of the United States, it must accomplish what Americans take for granted: which is the free movement of people, goods, services and capital across state lines. By 1951, Belgium, France, Italy, Luxembourg, Holland and West Germany had all signed the Treaty of Paris which established the European Coal and Steel Community. It is crucial to have some technical rules and regulations to protect the health and safety of consumers and citizens. After the enactment of the Single Europe Act which eliminated numerous customs and technical barriers in order to form a single market, many individuals began to wonder whether an internal market is able to function without a common currency.
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Acceptance Essays
