Before discussing current events, a brief overview of who and what is the European Union (EU) is vital. On May 9th, 1950, The EU was formed by the joining of six countries which were (Belgium, Germany, France, Italy, Luxembourg and the Netherlands) with the foundation of the law of democracy. The basic concept of the EU states that it is neither a new State replacing existing ones nor is it comparable to other international organizations. Its Member States delegate sovereignty to common institutions representing the interests of the Union as a whole on questions of joint interest. All decisions and procedures are derived from the basic treaties ratified by the Member States. Today, after four waves of accession (1973: Denmark, Ireland and the United Kingdom; 1981: Greece; 1986: Spain and Portugal; 1995: Austria, Finland and Sweden) the EU has 15 Member States and is preparing for the a

ccession of 13 eastern and southern European countries. (EU at a glance) The foundation and structure of the EU is definitely one of its strengths.

Dr Franz initiated the conference by stating what the EU is doing to improve the situation of women in the countryside. Rural areas in the EU are varied in terms of social and economic structure, in geography and in culture. However, they share a range of difficulties. These difficulties include insufficient or non-existing infrastructure, from childcare or schools to medical, transport or cultural infrastructure. Other rural problems include poverty, insufficient training possibilities and employment shortages.

Along with its strengths and weaknesses, the European Union as a whole is faced with numerous challenges in a complex economy and continuously changing environment. However, reviewing just a few recent events and understanding the general premise under which the EU operates, it's safe to conclude that the future of the EU has great potential for structuring the future of the European community in a positive and sound manner along with having world recognition.

The EU has some basic principals which include establishing European citizenship. This embraces fundamental rights, freedom of movement and civil and political rights. It also wants to ensure freedom, security and justice. Like other unions, the EU definitely wants to encourage economic and social progress and finally assert Europe's role in the world. Having well defined goals and showing character and conviction the EU demonstrates inner strength.

Another recent event involving the EU is the European Investment Bank (EIB), the European

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