European integration

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 globalization, and we are now connecting and influencing each other. The…

been the largest industrial merger between two American companies. Although it was cleared and endorsed by the Department Of Justice and many other jurisdictions, the European Commission derailed it since part of the activities was exercised in Europe. After the commission decided to block the deal, it was the first time European regulators were able to reject a merger between US companies previously approved by the American Department of Justice. The goal of this paper is to dismantle the…

Spain has been apart of the European Union (EU) and the Eurozone since the 1st of January 1986 when entering as a full member. Spain has held four presidencies in her country form January to June 1989, July to December 1995, January to June 2002 and January to June 2010. Spain has currently 24 representatives on the European Economic and Social Committee; representing companies, workers and other interest groups, and 21 representatives on the Committee of the Regions, which is the EUs, assembly…

The European Union is an economic, social, and political union of 28 nations in Europe. Created in the aftermath of the Second World War, a union of European states was sought out and was believed to be the solution to the endless bloodshed that, fueled by the nationalist rivalries between its neighbors, had been ravaging the continent for more than a thousand years. Today, with the institution of the Treaties of Rome and Maastricht, the European Union uses the powers it has acquired from its…

The social and economic consequences of austerity measures imposed by troika on Greece have been devastating. Since 2010, Greece’s GDP has fallen by 25 percent and unemployment rate is 26 percent. The youth unemployment rates are at an alarmingly high level. Currently, over 56 percent of young people in Greece are without a job and there are more than 450,000 families with no working members. After five years of fiscal adjustment and economic hardship under the austerity program, Greece’s major…

Immigration can be defined as the (more or less) permanent movement of individuals or groups across symbolic or political boundaries into new residential areas and communities (Scott and Marshall, 2009). This generally means the transition of a person or a group from one society to another; this transition leads to the abandonment of the former social environments of living and active participation and the installation to a new one (National Center for Social Research [EKKE], 2005, p.67). In…

The European refugee crisis is the first migration crisis of the 21st century. One of the primary causes why Europe is dealing with a staggering influx of migrants is due to the increase of violence in the refugee’s countries. Ever since the division of the Ottoman Empire, conflicts in the Middle East and Sub-Saharan Africa have become common. A certain hatred and rivalry lives and thrives in this region of the world and can clearly be felt throughout the differences among their populations and…

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…

in 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…

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…