ORGS #3.docx - ORGS#3 EU Most intriguing entity in the world Trade block first and foremost 27 states in membership GDP is 16-17 trillion dollars EU

ORGS #3.docx - ORGS#3 EU Most intriguing entity in the...

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ORGS #3 EU Most intriguing entity in the world Trade block, first and foremost 27 states in membership GDP is 16-17 trillion dollars EU would be biggest economy on earth A United States of Europe? Why did this start in Europe? o War Europeans had not been working together economically or politically Economically tied together to prevent war In 1951, 1952, Europe was destroyed o They needed energy and steel o ECSC was made—European Coal and Steel Community Who signed ECSC? o France, Germany, Italy, Belgium, Netherlands, Luxembourg 1957 merged the ECSC with Atomic Energy Agency o This began opening up borders for trade EEC was made in 1957—European Economic Community 1993 changed name to EU Created common currency, common economic policy, common military procedures, legislation Economic Union which merged into trade pact and more and more Why is the EU still growing? o More money Why do the rich countries want to stay in? o They all want to get richer to via free trade block o Also, alone they could not compete with other economies EU is single biggest economy on Earth Free movement of goods and services Virtually no tariffs Free movement of labor/people o They started it o People can freely walk into other member states Integration of all levels of European society under the EU o Overarching singular constitution, singular government/parliament, singular court system, singular laws, environmental policy, energy policy, singular infrastructure, singular monetary unit, singular defense policy
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