European Union Essay Research Paper Executive SummaryThis free essay sample

European Union Essay, Research Paper Executive Summary This study is a brief informational overview of past, present and future actions towards a incorporate Europe. European Union The European Union consists of 15 states. Under the Union these states will hold one currency, one set of Torahs and one authorities. After four decennaries there is still a slow route in front. Regulating Bodies A Parliament and Council govern the European Union. Citizens ballot in elections every five old ages to elect their leaders. European Economic Community to European Union In 1957 after World War II, the European Economic Community was formed, ab initio uniting Europe s large industries. By 1991 the European Economic Community had grown into a fifteen-member Union. All included provinces agreed to the Maastricht Treaty and are now forcing for a individual currency. Problems with The Union For many old ages Europe has been plagued by barbarous wars over faith, boundary lines, and even old pride. Some people still experience really strongly about these issues. States of the Warsaw Pact are eager to fall in the Union, nevertheless Russians feel unwanted. They feel because of their communist backgrounds other states do non swear them. Some people say the Union will hold excessively much power. These people feel some Torahs and plans should be left up to the single provinces. Future of E.U. Eleven member provinces are exchanging their currency to the Euro in January of 2002. A twenty-four hours will come when all states on our continent will organize a European brotherhood # 8230 ; A twenty-four hours will come when we shall see # 8230 ; the United States of America and the United States of Europe, face to face, making out for each other across the seas. # 8221 ; Victor Hugo ( 1848 ) Europe is made up of more than 30 states and even more distinguishable civilizations ; they are now seeking to set to new economic systems throughout the universe. Today there are new and large powers such as: N.A.F.T.A. and G.N.A.T.T. Europe is seeking to progress it s old system called the European Economic Community ( EEC ) to go the European Union. One European Parliament regulations the current rank of 15 states. The current E.U. members listed in order of rank are: Belgium, Germany, France, Italy, Luxembourg, Netherlands, Denmark, Republic of Ireland, United Kingdom, Greece, Portugal, Spain, Austria, Finland, and Sweden. Under the E.U. each state will portion one currency called the Euro dollar, one cardinal banking system, and will be regulated with the same set of Torahs. In consequence the states of the E.U. will finally go one. The manner to a unified Europe is non an easy one ; jobs caused by states unwilling to give up their sovereignties, and by states afraid of the new Union continually slow advancement. The European Unions chief establishments are the European Parliament, the European Commission, the European Court of Justice, the Council of Ministers and the Court of Auditors. The Council and the European Parliament are the chief decision-taking organic structures of the E.U. EU citizens elect the 626 members of the European Parliament every five old ages. Their single authoritiess nominate the president and the other 19 members of the European Commission, which has the exclusive right to originate bill of exchange statute law. The first enterprises to set up a Union of European states were made during the wake of World War II. The Treaty of Rome was ratified in 1957, establishing the European Economic Community of six member provinces ; including Belgium, France, Italy, Luxembourg, the Netherlands, and West Germany. The establishing members of the Community foremost combined their large industries. One of the first of import achievements of the EEC was the constitution of common monetary value degrees for agricultural merchandises in 1962. In 1968, internal duties ( duties on trade between member states ) were eliminated and a common external duty was fixed. Then they set about making a individual market in which goods, services, people and capital could travel approximately every bit freely as within a individual state. The procedure was bit by bit crossing 40 old ages and covering political and societal every bit good as economic and trade facets of states. The Union was officially completed and the indi vidual market went into consequence in January 1993. The Maastricht Treaty of the European Union was signed in the Dutch metropolis of Maastricht in December of 1991 and took consequence in November 1993. It strengthened the Community farther, by fixing the manner for economic and pecuniary brotherhood ( EMU ) and a individual currency called the Euro. Thymine he Maastricht pact besides added common foreign and security constabulary and cooperation on justness and constabulary personal businesss. The term European Union is really used to depict the wider Maastricht model in which all these alterations old and new take topographic point. The European Union is the name of the organisation for the states that have decided to co-operate on a great figure of countries runing from a individual market economic system, foreign policies, same sets of environmental Torahs, all the manner to exchange of condemnable records. Some of the jobs the E.U. is confronting are sovereignty and integrity. For 1000s of old ages Europe has been lacerate clip and once more by wars, which were mostly fueled by cultural or spiritual differences. Today Europeans are asked to set aside their differences and go one. With patriotism still strong throughout Europe many people are strongly against the E.U. The E.U. causes another major job for Europe and the remainder of the universe that is the enlargement of the Union. States from the former Warsaw Pact are eager to fall in the European Union but non Russia. Russia is opposing the move because of their xenophobic frights. Russia is afraid of the enlargement of the E.U. into Eastern block states. Russia presently feels unwanted by the European community. Russia is afraid that through the credence of the former Warsaw Pact states, they will lose even more economic land and one twenty-four hours might be greatly influenced by the states it one time controlled. The European Union is willing to accept the Warsaw Pact states into NATO and the E.U. given they meet the demands. The European Union is besides looking to convey the states of Central and Eastern Europe into rank. This is strongly supported by public sentiment in the bing provinces. So far nevertheless merely Poland and Hungary have officially applied for rank to the Union. The balance of power between the European Union and the member provinces is the chief object of resistance against the Union. Many people feel the control of major issues should come closer to the people non farther off. Peoples feel picks on economic development, societal plans, and condemnable jurisprudence should be left to the single provinces. The 2nd point of struggle against the E.U. is the Euro dollar. Many people feel that by giving up their currency they are in fact giving up their sovereignty. This point of struggle is merely going evident since the programs for the Euro dollar have been postponed and seemed unrealistic. Presently the program is to present the euro-denomination notes and coins by January 2002 in 11 of the 15 member provinces in the European Union. The execution of the E.U. has and will make many benefits for its citizens. Individual citizens can populate and work in the state of their pick, travel freely within the Union since boundary line controls have virtually disappeared and there are more goods available to the people. The E.U. has besides created a common European citizenship in add-on to national citizenships. Monetary Conversion Chart USD United States 1 USD=1 USD EUR Euroland 1 USD=1.126634 EUR ATS Austria 1 USD=15.502817 ATS AUD Australia 1 USD=1.968905 AUD BEF Belgium 1 USD=45.448288 BEF CAD Canada 1 USD=1.543488 CAD CHF Switzerland 1 USD=1.731185 CHF DEM Germany 1 USD=2.203504 DEM ESP Spain 1 USD=187.456061 ESP FRF France 1 USD=7.390232 FRF IEP Ireland 1 USD=0.887296 IEP ITL Italy 1 USD=2 181.466877 ITL JPY Japan 1 USD=123.557909 JPY GBP Great-Britain 1 USD=0.69795 GBP Impact and Decision I think in the hereafter the E.U. will hold a good consequence for all of Europe and America excessively. I believe the biggest impact will be economically, goods will be able to go freely through all of these states with small or no revenue enhancements or duties. In decision, I believe the E.U. is traveling to be a good thing for the full universe. This will convey people closer and do monetary values less expensive for goods and services. Plants Cited Bush, Gill A ; Stephen. The significance of the Maastricht Treaty. Available: www.yahoo.com/European Union. Cre`dit Mutuel, April 30, 2001. All About the Euro. Available: hypertext transfer protocol: //www.cmutuel.com. Gwartney, Stroup, Sobel, 2000. Economicss Private and Public Choices International currency convertor: 2001. European Central Bank. Available: hypertext transfer protocol: //fxtop.com. Maastricht Treaty. Available: hypertext transfer protocol: //ps.ucdavis.edu/