Discussion of the history of the EU. The need to link distinct political communities to achieve common objectives. Founding members. Theory of social federalism. Characteristics of a federal union. Background of the plan to create a single market. Implementation. Single currency & a European central bank. Future developments; economic, political.
From the Paper:
"THE EUROPEAN UNION AND ECONOMIC INTEGRATION
INTRODUCTION:
The signing of the two Treaties of Rome in 1957 added two new "communities" to the European Coal and Steel Community (ECSC), established by the 1951 Treaty of Paris: the European Atomic Energy Community (EURATOM) and the European Economic Community (EEC). These were merged in 1967 into a single framework referred to as the European Community or European Communities (EC). (Sidjanski, 2000, 88)
The six founding members of what is now known as the European Union were Belgium, France, Germany, Italy, Luxembourg and the Netherlands. They were joined in 1973 by Denmark, Ireland and the United Kingdom, followed by Greece in 1981, and Portugal and Spain in 1986. On January 1, 1995, EU membership grew to 15 with the ..."
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