Will the European Union Collapse?

2153 Words5 Pages
bulb-icon

Recommended: essay on te evolution of the european union

"Europe must prevent Greece from becoming an out-and-out catastrophe and make sure that the same fiscal 'remedy' is not applied to other weak economies" -- Franziska Brantner

There are many problems facing the European Union, banking crisis, the declining in intra-European solidarity and growth crisis. Specific businesses have increased their prices in some European countries faster than the other countries, which caused the euro to become less competitive; if the euro was cracked and some countries changed to their own currency then they would be able to lower their exchange rates. This would make their goods reasonably priced for the rest of Europe.

Intro:

How did the E.U. begin, what is affecting the E.U.? The union was great back in the time, but with the crises they have, they went through a lot of contradictions to contain the situation. It suffers lack of courage and in tightening the rules and regulations of its system. They should have an honest debate or discussion without egoism and self-interest methods.

The European Union is an international association of European countries comprising of 27 countries, it was established under an agreement known as the Maastricht Treaty, signed in 1992, but many of its ideas are around since the fifties of the last century. One of the most important principles of the European Union is to transfer the powers of nation-states to the European international institutions. But these institutions remain governed by the powers granted by each state separately, so this cannot be considered as a federation union, as its unique political system is unique in the world.

History:

After the devastating wars that have been witnessed in the European continent, and the two WW's, peace ha...

... middle of paper ...

... Service / - BNS. (March 15, 2011 Tuesday 2:47 PM EET ): 442 words. LexisNexis Academic. Web. Date Accessed: 2013/11/13.

4) JAY C. SHAMBAUGH, RICARDO REIS and HÉLÈNE REY, “The Euro's Three Crises [with Comments and Discussion]” Brookings Papers on Economic Activity , (SPRING 2012), pp. 157-231 Published by: Brookings Institution Press Article Stable URL: http://www.jstor.org/stable/23287217

5) http://europa.eu/about-eu/eu-history/index_en.htm

6) Constâncio, V., (2012) Bank of Greece Conference: The crisis in the Euro area. May 23rd, 2013 [http://www.ecb.europa.eu/press/key/date/2013/html/sp130523_1.en.html]

7) http://www.eurofound.europa.eu/areas/industrialrelations/dictionary/definitions/solidarityprinciple.htm

8) André Cabannes, PhD Stanford University, California, USA. August 2011, revised February 2012. [ http://lapasserelle.com/billets/greek_crisis.html ]

Show More
Related

  • European Union Dbq

    573 Words  | 2 Pages

    In conclusion, the European Union has “merged” the countries of Europe. It has developed a common currency called the Euro’s, and a Parliament located in Belgium, Luxembourg, and France. Also, ALL of the countries of the Union are affected when one country is affected. This is important because the continent of Europe had become very weak after the wars and they needed to strengthen, and the European Union keeps the countries of Europe strong and economically fit.

    Read More

  • Germany after World War II Part 1

    1079 Words  | 3 Pages

    •The Economists : print edition. (2014, April 12). Charlemenge: The laws of euro-nomics. Retrieved from The Economists: http://www.economist.com/news/europe/21600723-german-legalism-hampering-rational-crisis-management-laws-euro-nomics?zid=295&ah=0bca374e65f2354d553956ea65f756e0

    Read More

  • Does The Eu Have A Federal Character

    921 Words  | 2 Pages

    The EU is a union of sovereign European states who share sovereignty based on treaty. The union also possesses competences in policy sectors with exclusive jurisdiction in the area of Economic and Monetary Union while others are shared with Member States (MS), the other powers belong to MS as derived from the conferral of powers art 5(2) TEU, 2(1) TFEU art.3 & 4 TFEU additionally other powers have been offered by the decisions of the European Court for direct effect on citizens

    Read More

  • The Cambodian Genocide

    985 Words  | 2 Pages

    Academic Search Premier -. Web. The Web. The Web. 25 Nov. 2013.

    Read More

  • Which EU institution is the most powerful?

    2885 Words  | 6 Pages

    I will firstly look at each one individually and how it is organised then analyse its powers and responsibilities before comparing them and drawing up my conclusions. However I would like to note that there are many different interpretations and parameters of ‘powerful’ which make it difficult to answer the question. The EU was established in 1992 by the Maastricht Treaty. It comprises what are known as three ‘pillars’.

    Read More

  • Sexism in the Media

    1057 Words  | 3 Pages

    Web. The Web. The Web. 17 Feb. 2014. The "Free Automatic Bibliography and Citation Generator." EasyBib.com - a free online library.

    Read More

  • Global Inflation and Unemployment

    1280 Words  | 3 Pages

    The recent global financial crisis that affected not only America but also Europe and other parts of the world resulted in massive unemployment. This is due to the high costs of operation that many corporations faced forcing them to cut on labor costs. There is need for European government interventions to avert this social crisis and prevent the occurrence of such a crisis in future. Unemployment has hit the service sector harder than other sectors with the following being the most affected: automotive, construction, tourism, finance and real estate. The global financial crisis has also increased consumer prices thus pushing inflation. According to McCathie, “the increase in July consumer prices to 1.7 per cent pushed inflation in the currency bloc up towards the European Central Bank’s target of keeping inflation at below, but close to 2 per cent. Eurozone consumer prices had stood at 1.4 per cent in June” (McCathie, 2010).

    Read More

  • The Greece Debt Crisis

    3195 Words  | 7 Pages

    Sheetz, M. S. (2012, February 6). Why It Won’t Be a Tragedy if Greece Defaults. The Washington Post: Foreignpolicy.com. Retrieved February 1, 2014 http://www.foreignpolicy.com/articles/2012/02/06/why_it_won_t_be_a_tragedy_if_greece_defaults

    Read More

  • The Economic Crisis in Greece

    2881 Words  | 6 Pages

    "Europe must prevent Greece from becoming an out-and-out catastrophe and make sure that the same fiscal 'remedy' is not applied to other weak economies" -- MEP, Franziska Brantner.

    Read More

  • The Eurozone Crisis

    1921 Words  | 4 Pages

    Eurozone crisis can be seen as the most important economic problem of the European Union in the history. Because of that crisis the currency union have faced the possibility of separation which is an extremely critical issue not only economically but also politically. Until the subprime crisis which became prominent by the bankruptcy of Lehman Brothers in 2008, the economic level of the EU members were similar. When the bankruptcy occurred those countries started to differentiate in a very significant way. Total government debt and also problems of banking sector lead many countries to negative GDP growth, high unemployment rates and more importantly social unrest.

    Read More

  • A Case Against Zoos

    980 Words  | 2 Pages

    Academic Search Premier -. Web. The Web. The Web. 23 Apr. 2014.

    Read More

  • Differentiation in the European Union Integration Process

    2158 Words  | 5 Pages

    Europe has a history of war and conflict that predates living memory and the idea of a united Europe is something that appears repeatedly in that history. Hitler, Napoleon, and the many Roman Emperors all sought a united Europe. Their quests although in many ways motivated by a horrifying desire for power sparked the minds of philosophers and other political thinkers to imagine Europe united in harmony and peace despite national differences. Today we have the European Union which is quite unique. After the horrors, bloodshed, and economic disaster of the twentieth century, in a desire for peace and harmony and economic and political prosperity twenty-seven states have limited their national sovereignty.2 With national interests and ambition still in mind these countries see the European Union and supranational governance and the benefits of peace and prosperity therein as something worthwhile. However, in the history of European integration there has been much conflict and Euroskepticism. Some see unity in diversity and diversity in unity as impossible, and the existence of differentiation in the EU as highly problematic. However, differentiation in the European Union’s integration process is not the hindrance it is often defined as, rather it creates further cooperation in Europe bringing the European Union closer to its objectives of peace, and economic and political growth, resulting in a more effective and efficient bureaucracy. Differentiation in the EU’s integration process has created more successful integration as it allows the nations who wish t...

    Read More

  • European History

    892 Words  | 2 Pages

    There are several key components of the European history that have led to the creation of the individual nations within the EU and the larger supranational Institution we call the European Union. As Curtis and Linser (2004) “The European Union is the most important development in European history since World War Two” (Curtis & Linser, 2004, p.4). And I tend to agree that this story line is the most important since it was the starting’s to one of the largest supranational organizations that shaped modern Europe and continues to shape it today. To start the European Union could not have been created without the nations that are part of this supranational organization. Many of the nations that make up the EU have been either long-term super powers, France, United Kingdom or Germany, but also areas plagued with conflict. The conflict is however the more important of the two. The conflict between Germany and the rest of Europe in WW2 was the sparks that created...

    Read More

  • The European Union is a Strong and Powerful Organization

    1223 Words  | 3 Pages

    The Europea n Union is certainly one of the most powerful and organized organisations in the world, nowadays, it regroups about 500 millions people all over 28 countries in the European continent. On the contrary a very strange structure and some political and economical arrangements were done during the past years making the EU law sometime confusing and frustrating for some other countries. During this essay we will explain how the European Union is structured, explaining the most important institutions and how these institutions interact with each other knowing that sometimes exceptions are made for someone’s and not for others. Creating problem between parties. The aim of this essay is to understand the EU structure and assess how the EU laws are applied to such an organisation. We will answer the two questions basing our research and work on “Law for business students“ written by Alix Adams and some other resources as well.

    Read More

  • The Greek Economic Crisis

    1268 Words  | 3 Pages

    Janssen, Arnold. “Greece and the IMF: Who Exactly is Being Saved?” Center for Economic and Policy Research. (July, 2010)

    Read More

More about Will the European Union Collapse?

Open Document