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The Euro

30 countries and even more distinct cultures;it is now trying to adjust to new economic systems throughout the world. Today with the trend toward big trading blocks like: N.A.F.T.A. or G.N.A.T.T. Europe is trying to advance it's old Trading block called the European Economic Community (EEC) to become the European Union. The current membership of 15 countrys is ruled by one European Parliament. Under the E.U. each country will be under one currency called the Euro dollar (which came into effect on January 1st of 1999), one central banking system, and will be regulated with the same set of laws. In effect the countrys of the E.U. will eventually become one. The way to a unified Europe is not a easy one; problems caused by countries unwilling to give up their sovereignties, and by countries afraid of the new Union continually slow its progress. Problems facing the European Union Sovereignty or Unity? This raises many conflicts with Europeans. For thousands of years Europe has been torn time and again by wars which were largely fueled by ethnic or religious differences. Today however Europeans are asked to put aside their differences and become one. With nationalism still strong throughout Europe many people are strongly against the

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Approximate Word count = 1603
Approximate Pages = 6 (250 words per page double spaced)

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