EUROPEAN UNION

ECSC

EEC

EC

EU

1951

1958

1967

1992

Set up a common market for the coal and steel industry

Integrated the members’ economic resources over 12 yrs.Merged the EEC and the Atomic Energy Communities

Provided the legal basis for introducing the EURO

1. Why was it created?--to avoid another war in Europe

--promote cooperation

--promote interdependence

2. What is its purpose

--eliminate tariffs among member countries

--to create one single market and currency

3. Who are these member countries

United Kingdom Austria

Netherlands France Belgium

Denmark Germany Spain

Luxembourg Portugal Greece

Finland Ireland Sweden

Italy Cyprus Czech Republic

Estonia Hungary Latvia Lithuania Malta Poland Slovakia Slovenia Bulgaria Romania

4. What do they have in common?--geographic location

--have a form of representative government

--industrialized

--high literacy rates

--U.S plays a role in their trade

--Euro-currency highly debated and used between nations, but not all use the euro within nations

5. What are their differences?

--availability of resources

--population concerns

--economic pressures

--some are more dependent on foreign sources of energy

6. Future Goals--add new members

--compete for $$ within NAFTA

7. Present challenges?

--economic struggles

--history

--corruption in their government