Monday, April 23, 2007

The European Union

According to a source the European Union is defined as a intergovernmental union of 27 states in Europe. It was a treaty passed in 1992, after the collapse of the USSR. Its alliance contented about 25 nations within Europe. These countries being joined together in this union benefited Europe because it changed the old ways of Europe, making it more productive. It also allow new superpowers to form. The new powers were the US and the European Union. It was passed after World War II as an economic union between several coal and steel producing nations within Europe. This economic union began to get popular amongst other countries. The EU now became its own parliament; it had various organizations that would help them keep track of trade between other EU countries, as well as cooperations.
With the EU in place, people from all over the world have a easier time traveling back and fourth.People in living in the EU can now be able to work in other EU countries without it being a major problem. Also these countries that joined the EU, shared the same currency, the Euro. Which eventually becomes one of the leading currency in the world. The EU was known as the third largest country in the world, since it was large in size it became an important figure for economic in the world. This organization of countries made the chance slim for one country to gain total control. It also lessened the chances of any nations going into any major confrontation.

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