Development of Europe2 - DEVELOPMENT OF EUROPE 2 TREATY OF...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
1 DEVELOPMENT OF EUROPE 2 1. TREATY OF ROME AND EUROPEAN COMMON MARKET 2. EFTA: EUROPEAN FREE TRADE AGREEMENT AGREEMENT 3. CAP: COMMON AGRICULTURAL POLICY 4. “ECONOMIC INTEGRATION” 5. TREATY OF ROME: 1957 6. IMPACT OF TREATY 7. IDEOLOGY UNDERLYING INTEGRATION TREATY OF ROME AND EUROPEAN COMMON MARKET 1957 signing of the Treaty of Rome, which established the European Common Market Internationally, convertibility of currencies restored in 1959 winding up EPU. The underlying rational for the Treaty of Rome to The underlying rational for the Treaty of Rome to reduce European dependence on the “The central pillar of the Rome treaties was the creation of a customs union through the progressive removal of quantitative restrictions to intra- European trade and the gradual liberalisation of capital markets.” POLITICS OF COMMON MARKET Germany was the economic power of Europe France, under de Gaulle the political power. The French saw a united Europe as being a third France insisted on agricultural protection, and pushed for the Common Agricultural Policy. UK, not part of this: too close to America, and opposed the idea of the CAP de Gaulle vetoed British entry into the Community in 1963 and 1967. EFTA the European Free Trade Agreement set up by Britain in competition to the Common Market. Included the Scandinavian countries, Austria and Switzerland. Eeach of these countries gravitated towards Germany, the pillar of the EEC and, residually to some other country EFTA was a non event from the moment it was set up.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 CAP COMMON AGRICULTURAL POLICY Common agricultural policy The six member states individually strongly intervened in their agricultural sectors, with regard to what was produced, maintaining prices for goods and how farming was organised. Agriculture in Europe had low productivity and was
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/25/2012 for the course ECON 2322 taught by Professor Kevin during the Three '12 term at University of New South Wales.

Page1 / 5

Development of Europe2 - DEVELOPMENT OF EUROPE 2 TREATY OF...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online