European Union

1
European Union

• Notes Timeline

2
Basics

• Supranational organization
• More economic than political
• 27 current members expansion to 31
• 500 million 31 of Worlds GDP

3
Cleavages

• Agricultural states vs. industrial/service states
• Rich vs. poor
• East vs. west

4
Accomplishments

• Reduction in trade barriers
• Increase in travel tourism
• Setting interest rates fiscal policies

5
Failure

• Agricultural subsidies

6
Structure

1. Commission-initiate implement policies
2. Council-approve Commissions proposals
3. Parliament-amend proposals
4. Court of Justice-review

7
Map

• Original 6 W. Germany, France, Italy,
  Netherlands, Belgium, Luxembourg
• No Interest Norway, Switzerland

8
1950-Schuman Plan

1. French minister Robert Schuman
2. Coordinate coal steel industries of W. Germany
   France

9
1957-Treaty of Rome

1. Establishes the EEC (European Economic Community)
   or Common Market
2. Original 6

10
1965-EC (European Community)

• A. Go beyond economics (peaceful use of atomic
  energy)

11
1973-UK joins
12
1992-Maastricht Treaty

1. European Union
2. Monetary policy, citizenship, national security,
   environmental protection, justice

13
2002-Euro becomes common currency (17 of 27)
14
2004-European Constitution

1. France Netherlands reject
2. UK fails to hold referendum

15
2017-UK referendum on EU Euro