European Commission

other issues was the concern that Greece’s financial problems would spread not only to other European nations but also across the world. A loan default by Greece might have produced a global financial shock. However, this opinion is not shared by everyone and there are people who believe that Europe’s safeguards are enough to prevent the financial damage from spreading. Greece’s possible exit from the European Union might benefit both Greece and its…

In a recent report, if Britain decides to leave the European Union, British households will become £933 richer, because taxes will be lower, and food and clothing will be cheaper. But the trade off is not entirely good news, since there would be restrictions of UK citizens working and living in EU member states. this could mean millions of jobs lost and the loss of freedom to live wherever they please. A pro-European newspaper, The Observer, also claims that tax avoidance and evasion will…

After the United Kingdom 's recent exit from the European Union (EU), the union is inching closer to instability is now facing the risk of other countries following suit. Should another country exit, Greece would be the likeliest party as it has long struggled economically within the union, finding itself in a perpetual state of recession. It’s current debt as a percentage to GDP is in excess of 170% and is rising as it struggles to gain debt relief from the Eurozone. Multiple bailout measures…

Old and new Imperialism is the extension of power and influence of European nations over other foreign countries by military force. Even though between 1500 and 1800, the Europeans only had influences on the Americas, by the 1800s, the Europeans were strengthened not only in their military, but also in their economy due to them being imperialists in Africa and Asia. There were five motivations that led to imperialism, exploratory, political, ideological, religious, and economic. Even though…

The Eurozone is ‘the economic region formed by those member countries of the European Union that have adopted the euro.’ Democracy can be defined as ‘a system of government in which all the people of a state…are involved in making decisions about its affairs, typically by voting to elect representatives to a parliament’. The Eurozone crisis, in simplistic terms refers to the idea that a few European countries are in debt and incapable of paying their dues. Countries like Greece have been in…

In March of this past year, Turkey has made a pact with the European Union on how to handle the Syrian refugee crisis. In the recent agreement made with the EU, all recent refugees that have arrived in an EU state will be deported back to Turkey and must start the process to enter the EU from there. For every refugee that is sent back to Turkey, one will be allowed into the EU (European Commission, 2016). This process was made in order to ensure a safer route for refugees to get…

The Syrian refugee crisis has become The European Unions main focus over the last several months. There are countries such as Germany and Sweden who have been accepting large amounts of migrants. Other countries have been creating “hot spots” where asylum seekers can be registered when they are making their travel to Europe. The EU has agreed to relocate 160,000 asylum seekers over the next two years out of the more populated countries. But all of theses efforts simple are not enough. The EU has…

2-1. FTA/EPA and the current trade In terms of the classical theory, FTA is the first step of economic integration, which is a ‘fusion of national markets’, and abolishment of tariffs and allotment of quotas among the member countries (Balassa, 1962: 2). Particularly, under perfect competition, trade liberalisation may enable economic welfare to maximise (ibid, 59). Due to open markets, reallocation of productive resources from less to more efficient countries could occur and national industries…

and refugees in its history.” European leaders and policymakers are now faced with the tough decision of dealing with what many claim to be, “the biggest refugee crisis…

Briton exiting the European Union It is half past five in the morning September the fifteenth and people are anxiously waiting for Nigel Farage. Around six, a black jeep slowly pulled in front of the BBC TV station in Westminster. The driver of the car walked out from his seat and took few steps towards the left side of the passenger door. As soon as the driver swung open the passage side, Nigel Farage a middle aged man with gray hair and a bank clerk 's suit walked out of the car and…