The European Union ( Eu ) - 985 Words

Through a historic nationwide referendum on June 23, the outright majority of Britons chose to ignore forecasts of financial doom and diminished global clout to opt out of the European Union (EU). In the process, they tuned out world leaders like US President Barack Obama, who had warned free-agent Britain would start at the â€Å"back of the queue† for bilateral trade deals, and financial gurus including Bank of England governor Mark Carney who grimly predicted a recession if the UK quit the union. The final tally showed 30 million people voted in the referendum, a 72% voter turnout, and 52% of them said,â€Å"Sayonara, EU.† Earlier in May, in my column titled â€Å"Rest in peace, European Union?†, I had mused whether the clock was running out on the European Project. Britons, after all, were not the only ones frustrated with the centralization of power in Brussels. Indeed, following the Brexit vote, right-wing euroskeptics throughout Europe have begun calling for their own national referendums. The highest decibels of which emanate from France, currently at loggerheads with local labor unions triggered by EU calls for longer working hours for less overtime to make French businesses more competitive. This does not amuse the French, who jealously guard their 35-hour work week. That said, the UK post-Brexit is in a real pickle. The vote exposed deep divisions among Britons in how they viewed the net benefits of EU membership and brought to the surface hard questions about the futureShow MoreRelatedEuropean Union ( Eu )1648 Words   |  7 PagesEuropean Union The European Union (EU) is a politico-financial union of 28 part expresses that are found predominantly in Europe. The EU works through an arrangement of supranational foundations and intergovernmental-arranged choices by the part states. The establishments are: the European Commission, the Council of the European Union, the European Council, the Court of Justice of the European Union, the European Central Bank, the Court of Auditors, and the European Parliament. Every five yearsRead MoreThe European Union ( Eu )1524 Words   |  7 PagesINTRODUCTION: The European Union (EU) is a political and economic partnership that represents a unique form of cooperation among 28 member states. Formed through a series of binding treaties, the Union is latest in a process of integration begun after World War II in Europe to promote peace and economic prosperity. Its founders hoped that by creating specified areas in which member states agreed to share sovereignty firstly in coal and steel production, economics and trade, and nuclear energy, itRead MoreThe European Union ( Eu )1509 Words   |  7 PagesIn this essay I will discuss why and how the European Union (EU) was set up and the advantages and disadvantages of membership. The EU was set up after World War II in 1939- 1945, bringing harmony and peace among the EU. I will also explain and evaluate the political and economic situation between Post War Europe and understand the historical development of the European Union. Post War Europe had been largely affected by the Second World War and having a huge factor to play in this was the riseRead MoreThe European Union ( Eu )1393 Words   |  6 PagesIntroduction The European Union (EU) is not a typical international organization. With a mixture of supranational and intergovernmental institutions, its unique structure has become a distinctive political system with some resembles a federation. With no path to trace, the EU must determine which direction it should follow suit. However, these difficult discussions foster constant dispute over how much further integration of member states should proceed. Support for the EU moving towards a federationRead MoreThe European Union ( Eu )1223 Words   |  5 PagesThe European Union(EU) contains just 7% of the world’s population, but produces 1/3 of the world’s Gross National Product (Delegation of the EU to the US). A single market merges all 28 countries of the EU into one economic free-trade zone with no trade tariffs imposed on one another. The EU accounts for 51% of all trade that the United Kingdom (UK) conducts with the world (The Data Team 2). Since its admittance to the Union in 1973, Britain’s economy has grown from 326 million Euros per capita toRead MoreThe European Union ( Eu )1583 Words   |  7 PagesThe European Union (EU) is the most successful supranational organization in the world to promote and spread democracy. Without the values and result-based monitoring systems structured through this organization, Central and Eastern Europe (CEE), and ultimately the entire world would be a significantly different place. The EU’s uniqueness and undeniable success stems from its strategic use of integration as key to enlargement and the effective ‘Europeanization’ of countries. Though there are dissentersRead MoreThe European Union ( Eu )1315 Words   |  6 PagesThe European Union The European Union (EU) is a unique economic and political partnership between 28 different countries. It consists of about half a billion citizens, and its combined economy represents about 20 percent of the world’s total economy (Briney, 2015). Today The European Union works as a single market, with free movement of people, goods and services from one country to another. There is a standard system of laws to be followed, and since 1999 many countries share a single currency calledRead MoreThe Eu And The European Union1385 Words   |  6 PagesIntroduction Formed from 28 Member States, the EU has developed an internal single market which enabled it to control what happens in the Member States. The context in which the EU has developed has caused it to be unique in comparison to all the others and through this essay I will demonstrate how the characteristics and functions of the EU are found to be those only associated with the EU. Creating EU Law The European Union has aims which are to promote peace, maintain its values and maintainRead MoreThe European Union ( Eu )1396 Words   |  6 PagesThe European Union (EU) does not have an unlimited power to act. The limits of Union competences are governed by the principle of conferral. Under the principle of conferral, the Union shall act within the limits of the competences conferred upon it by the Member States (MS) in the Treaties. The central debate about competence is with regard to the principle that the EC operates within the confines of attributed powers tends to be obscured by an open-handed reading of the matter in practice. TheRead MoreThe European Union ( Eu ) Essay1264 Words   |  6 PagesThe European Union (EU) was created when the Maastricht Treaty, or now known as the Treaty on European Union, was signed in the early 1990’s. The document marked an essential milestone in the success and development of many European countries. It paved the way for many ot her future treaties and it also created the EMU or the European Monetary Union (â€Å"Europe Without Frontiers†). Though there were other economic European federations prior to the EU, the EU has by far been the more prosperous one.