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DISADVANTAGES OF THE EU
THE EU LIMITS THE MEMBER STATES’ FREEDOM TO TRADE FREELY
THERE ARE TOO MANY RULES AND REGULATIONS
IT LIMITS NATIONAL SOVEREIGNTY/AUTONOMY OVER THEIR OWN AFFAIRS. MEMBER COUNTRIES MUST ACCEPT THE EU LAWS BUT THEY MAY NOT BE SUITABLE FOR THEM (E.G. THE BUDGET RULES)
MASS MIGRATION FROM POORER TO RICHER COUNTRIES CAUSES PROBLEMS (JOBS, NATIONAL HEALTH SERVICE, HOUSING, TOO MUCH MONEY GIVEN TO THEM)
ADVANTAGES OF THE EU
THE EUROPEAN UNION SINGLE MARKET ALLOWS THE FREE MOVEMENT OF GOODS, SERVICES, MONEY AND PEOPLE WITHIN THE
EUROPEAN UNION:
1. BEING A SINGLE MARKET, THERE IS A CUSTOM UNION WITH COMMON TARIFFS ON IMPORTS, NO CUSTOMS DUTIES AND
NO CUSTOMS CHECKS.
THIS MEANS THAT ALL EU MEMBER STATES
(COMMON TARIFFS ON IMPORTS) 🡪 CHARGE THE SAME IMPORT DUTIES TO COUNTRIES OUTSIDE THE EU
DO NOT PAY CUSTOMS DUTIES
AND ALSO THAT
(NO CUSTOMS CHECKS) 🡪THEY CAN TRADE FREELY WITH EACH OTHER, WITHOUT CUSTOMS CHECKS AT BORDERS.
ALSO,
RULES AND LEGISLATION ARE COMMON SO IT IS EASIER TO DO BUSINESS
AND
BUSINESSES CAN RECEIVE LOANS AND SUBSIDIES
2. THE EU MEMBER COUNTRIES TOGETHER FORM A STRONG TRADING BLOC, THE WORLD’S LARGEST SINGLE MARKET IN THE WORLD.
3. IT IS POSSIBLE TO SET UP A BUSINESS OR TAKE A JOB ANYWHERE WITHIN IT. THIS BOOSTS TRADE, CREATES JOBS AND LOWER PRICES.
4 PEOPLE CAN LIVE, STUDY AND WORK IN ANY EU COUNTRY. THERE ARE EU PROGRAMS FOR STUDENTS AND WORKERS.
5. TRAVELLING IS EASIER.
6. HUMAN RIGHTS ARE PROTECTED
1950
Schuman Declaration
1951
European Coal and Steel Community
1957
Treaty of Rome
1987
ERASMUS
1992
Treaty of Maastricht
1995
Schengen
2002
Euro
2007
Treaty of Lisbon
2012
Nobel Peace Prize
THE EUROPEAN CENTRAL BANK’S PRESIDENT
Christine Lagarde
THE EUROPEAN CENTRAL BANK’S Location:
Frankfurt
THE EUROPEAN CENTRAL BANK’S Members:
six Members appointed by the Council for an eight-year term that cannot be renewed