European Union

Length: 12 Pages 3007 Words

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 Continue...

The idea of uniting two nations resulted in the union of 12 nations which consist of 340 million people. 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. Since the enactment of the Single Europe Act, the Euro has been anxiously awaited and expected to bring the 15 member union even closer. The free flow of goods, capital and labour around the European Union leads to a more efficient allocation of these resources. e and Germanys coal and steel productivity under the same authority. During the 1960s and 1970s, cooperation among the member countries was not very successful. Although the old currencies will still circulate for a while, the current high demand of the Euro will replace them soon. Workers all through the EC will be entitled to certain benefits such as healthcare, retirement and equal rights. By acting as a political power, the twelve United Nations demonstrated their power by pressuring another nation. After all if national currencies would remain therefore currency fluctuations would still exist. Therefore if it had not been for the Single Europe Act, then many European countries could have been known as third world countries. Governments, banks and retailers have been preparing for years for the enormous task of switching to the euro. The broadest barriers have been, as you might expect, those which have been set up by the governments. By 1957, after the huge success of the ECSC, the six member countries decided to expand their cooperation by signing the two Treaties of Rome. If a country felt that a proposed ruling would harm its own economy it would not accept it.