European Union

Europe made up more than 30 countries and even more distinct cultures;
it is now trying to adjust to new economic systems throughout the world. Today
with the trend toward big trading blocks like: N.A.F.T.A. or G.N.A.T.T. Europe
is trying to advance it's old Trading block called the European Economic
Community (EEC) to become the European Union. The current membership of 15
country's is ruled by one European Parliament. Under the E.U. each country will
be under one currency called the Euro dollar (which is to come into effect on
January 1st of 1999), one central banking system, and will be regulated with the
same set of laws. In effect the country's of the E.U. will ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

and become one. With nationalism still strong throughout Europe
many people are strongly against the E.U. Analysts strongly suggest, however,
that the E.U. is the only way Europe can improve it's economy. Unemployment in
most of Europe is running above 10 percent and countries like Germany and France
are suffering from net investment outflows, European economies are groaning
under the weight of rigid regulation, high labor costs, high taxes and generous
social services that have become too expensive to sustain. Meanwhile, labor
protests are on the rise, companies cut costs and governments try to slash
budget deficits.


The E.U. causes another major problem for Europe and the rest of the
world that is the expansion of the Union. Countries from the former Warsaw Pact
are eager to join the European Union but Russia is opposing that move because of
their xenophobic fears. This poses an new question for the world; Are the
satellite countries of the ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.

Already a member? Login

fact about the European Union's flag is that it has only
12 stars. The stars are not meant to represent countries. Rather, the number of
twelve stars was chosen to be a symbol of completeness and of unity, as it
corresponded to the number of stars in the zodiac, the number of months in the
year and (for the purpose of winning over the mainly Christian European people)
to the number of Jesus's apostles.

E.U. members listed in order of membership:

1. Belgium
2. Germany
3. France
4. Italy
5. Luxembourg
6. Netherlands
7. Denmark
8. Republic of Ireland
9. United Kingdom
10. Greece
11. Portugal

Succeed in your coursework without stepping into a library.
Get access to a growing library of notes, book reports,
and research papers in 2 minutes or less.


European Union. (2008, November 16). Retrieved October 21, 2020, from
"European Union.", 16 Nov. 2008. Web. 21 Oct. 2020. <>
"European Union." November 16, 2008. Accessed October 21, 2020.
"European Union." November 16, 2008. Accessed October 21, 2020.
Join today and get instant access to this and 50,000+ other essays

Added: 11/16/2008 02:22:58 AM
Category: Government
Type: Premium Paper
Words: 1685
Pages: 7

Save | Report


Save and find your favorite essays easier

European Union
European Union 3
European Union 2
European Union
The European Union
The European Union
Transport Policy in European Un...
Problems Involved In Developing...
Comparison of NAFTA and the Eur...
The European Monetary Union
Copyright | Cancel | Contact Us

Copyright © 2020 Essayworld. All rights reserved