Currencies of the European Union

European Union The author Harm de Blij of the book “why geography matters more than ever” stated that Europe is one of the most important part in the world and the place where WW one and WW two started. After the WW two, as European countries were losing the wealth and influence worldwide, the EEC came out with the first six countries. The EEC had been developed into a brand new organization which called “the European union”, and almost 30 countries have joined the EU. The EU is currently…

Internacional union The euro it is not adopted by all the EU nations. There are 19 of the European Union’s member state, which together make up the Euro area. The introduction of the euro wasn’t long ago. In 1999 the euro was a big step in the integration (Ec.eruopa.eu). The EU members’ goal was to improve their economic and internal market with a single currency. They believe a single currency is more efficient and increase price transparency, eliminating currency exchanges costs,…

because of the collapse of the Soviet Union, Treaty of Maastricht and the reunion of Germany. “For the first time since the war, Europe is living in anticipation of large but still imponderable changes to the part that has stood for the whole” (p. 126) However, in author’s view the end of communism was the main event that caused the others and it was supposed to change the whole concept of European Union. “The total population of candidates from East European countries is 130 million” “A…

The European Union is able to pass and govern laws, most of which are the same within most countries which are in the European Union. The European Union also creates a platform for European Countries to trade, export and import their goods into each other’s country without any difficulties which then is able to boost a countries economy as their might be a demand of that certain product within that country. The European Union is able to free movement across Europe…

US Dollar V.S. EURO The two currencies, US dollar and EURO, can be said two of the most effective systems in the economy world. As US dollar is used by the United State, an influential country in terms of both economic and political and EURO is used by twenty-six countries and nineteen of those countries are in the European Union. Perhaps we are not using those two currencies, but we cannot deny that we are affected strongly by them, since the world is becoming smaller because of the…

After World War II, the European Cooperation was established with the initial goal of preventing future conflicts between neighboring countries and to secure peace in Europe by making the member states mutually interdependent. Common policies, the creation of a single market and the introduction of a single currency led to an expansion of the economic and political cooperation. The result of this development is today’s European Union (EU) with 28 member states.…

news broke that Britain had decided to leave the European Union. Britain’s decision is now known as “Brexit”. There were many theories as to what was going to happen to the economy from Britain leaving the European Union. Now that a few months have passed, we can take a look at the overall outcome of the situation. We can also make guesses as to what will happen in the future. Britain leaving the European Union has had many effects on the European economy as well as the global economy. Many…

order to determine whether the United Kingdom should stay as part of the European Union (the EU) or leave the international organisation. The United Kingdom and the EU have an interesting history with many disagreements over institutions. This then caused a national identity crisis as to whether the United Kingdom wants to class itself as being ‘European’. This is relevant to the main argument for exiting the European Union (an event called ‘Brexit’) in the idea that the United Kingdom would be…

reveal a little history of the of the European Union. Everything started in 1992 when EU nations signed the Treaty of Maastricht, which set steps to accomplish two goals: political union and the decision to replace each national currency with a single European currency, that until this days has eliminated different currencies as a trade barrier. According to the Treaty of Maastricht, countries had to meet certain criteria to be part of the European Monetary Union (EMU) such as the annual…

Euro is launched- In 1992, the European Economic Community was established with the ratification of the Maastricht Treaty. The euro was introduced and has been adopted by Eurozone countries in 1999. National currencies started to be substituted with the euro in 2002 and the euro became the official currency of the Eurozone. The Global Financial Crisis- Although the U.S. economy had formally dived into recession in 2007; the sudden collapse of the investment bank Lehman Brothers catapulted…