European Union

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Sixty million individuals' blood was shed worldwide following World War II, the most lives ever in history to be lost during a war. Reconstruction was long and strained, but needed, and the decisions to create the European Union (EU) was an opportunity to unite the European nations following the horrific past world war. The creation of the European Union was developed over a fifty year span, initially being the European Coal and Steel Community (ECSC) Treaty in 1951 when it was signed by France, Belgium, Germany, Italy, Luxembourg, and the Netherlands. Then in 1955 two more treaties were signed, the European Economic Community (EEC), merging countries markets, and the European Atomic Energy Community (EAEC), structuring the usage of nuclear energy. It would then be in 1993 the Treaty of European Union was signed in the Netherlands, and a renovation of the previous Treaties generated. Today the EU consists of 28 Member States actively working towards a cooperation between trade and economy through the creation of the Euro, human rights and privileges, security, and preserving the environment. Yet the cultures of each unique country still emerges, the EU contains 23 official languages, a background of cultures, and a variety of religions.
The European Commission, the Council of the European Union, and the European Parliament make daily decisions which affect the citizens of 28 countries, from financial decisions to the foreign affairs. The European Commission is the United States executive branch, yet also has legislative powers, overall they ensure all laws/regulations apply to the EU treaties and negotiate with non-EU countries. The Council of the European Union makes the main decisions for the EU, and the Council consists of on...

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... Member States. The EMU has three main stages it passed through to achieve the single market for the EU. First stage was to establish the single market, second came the European Monetary Institute, and the final stage was the birth of the euro and European Central Bank. Every EU Member State either has the euro or is in the transition, except Denmark and the United Kingdom due to an "opt-out" clause. Due to the monetary union there has been a economic stability, unemployment rate decline, a closer economic integration, and the international usage of the euro. The EU established the Stability and Growth Pact which is to help sustain public finances, and give structure to joining EU Member States. The European Central Bank is essential for the functioning of the EU, and back in 2007 when financial turmoil developed in the U.S. the Bank provided effectively for the EU.

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