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The European Union

According to Rodney Leach (online), a number of European leaders became convinced that the only way to secure a lasting peace between their countries was to unite them economically and politically. In 1950, the French Foreign Minister proposed integrating the coal and steel industries of Western Europe. As a result, in 1951, the European Coal and Steel Community (ECSC) was established. The member countries were Belgium, West Germany, Luxembourg, France, Italy and the Netherlands. The ECSC was such a success that, within a few years, these same six countries decided to go further and integrate other sectors of their economies. In 1957 they signed the Treaties of Rome, creating the European Atomic Energy Community (EURATOM) and the European Economic Community (EEC). The member states set about removing trade barriers between them and forming a common market (Leach).

According to Wikipedia (online), The European Union formerly known as the European Community is a framework for the creation of an integrated Europe. Economic and political integration between the member states of the European Union means that these countries have to take joint decisions on many matters. So they have developed common policies in a very wide range of fields - from agriculture to culture, from consumer affairs to competition, from the environment and energy to transport and trade. It took some time for the Member States to remove all the barriers to trade between them and to turn their common market into a genuine single market in which goods, services, people and capital could move around freely. The Single Market was formally completed at the end of 1992. The Maastricht treaty was signed on February 7, 1992 between members of the European Community. It led to the creation of the European Union and was the result of separate negotiations on monetary union and on political union. The treaty resulted in in the creation of the Euro. The twenty-five countries ...

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The European Union. (1969, December 31). In LotsofEssays.com. Retrieved 04:44, March 28, 2024, from https://www.lotsofessays.com/viewpaper/1695053.html