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What is the future for European Union?
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| Submitted: Thu Jul 11 2002
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What is the future for European Union? Introduction For some, the European Union (EU) is an economic salvation that helps to protect any economic recession, while to others it is an economic disaster which is destroying national sovereignty. Despite the different opinions, it is a fact that European Union is one of the world's largest economic communities which will have a big impact in the future economy. The EU is an integration which began in 1951 when the Treaty of Rome was first signed between six European countries. Many other countries joined since then such as United Kingdom, Spain, Austria, etc. Today, the EU has 15 Member States, 11 of which will be in full Economic and Monetary Union, using EURO as a single currency and irrevocably fix their exchange rates together. Their decision was so important because it represents one of the greatest economic experiments in Europe. Formation of the European Union has...
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