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
E.U. Analysts strongly suggest, however, that the E.U. is the only way Europe can improve it's economy. Unemployment inmost of Europe is running above 10 percent and countries like Germany and France are suffering from net investment outflows, European economies are groaning under the weight of rigid regulation, high labor costs, high taxes and generous social services that have become too expensive to sustain. Meanwhile, labor protests are on the rise, companies cut costs and governments try to slash budget deficits. Expansion The E.U. causes another major problem for Europe and the rest of the world that is the expansion of the Union. Countries from the former Warsaw Pactare eager to join the European Union but Russia is opposing that move because oftheir xenophobic fears. This poses an new question for the world; Are thesatellite countries of the former Soviet Union truly sovereign states or arethey still puppet states controlled by Russia? The view today has to differentsides: the European, who are willing to accept Warsaw Pact states into NATO andthe E.U. given they meet the requirements; And the U.S. policy which is againstany expansion of NATO or the E.U. into the countries in question.The European Union? The European Union is the name of the organization for the countriesthat have decided to co-operate on a great number of areas, ranging from asingle market economy, foreign policy's, same sets of environmental laws, mutual recognition of school diplomas, to exchange of criminal records are among the few (The E.U. is roughly similar in working to the United States of America. The states being Countries and the U.S. the E.U.) The E.U. currently includes15 countries and has 11 official languages, and many more internal ones. E.U.has noted , however, that the current eleven official working languages will beunworkable; an expansion to sixteen or more (with some former Eastern Bloc countries joining) will be impossible. It is therefore expected, in my view,that the number of working languages will be limited to three (English, Frenchand German) or five (with Italian and Spanish). A little known fact about the European Union's flag is that it has only12 stars. The stars are not meant to represent countries. Rather, the number oftwelve stars was chosen to be a symbol of completeness and of unity, as itcorresponded to the number of stars in the zodiac, the numb
Some common words found in the essay are:
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Approximate Word count = 1603
Approximate Pages = 6 (250 words per page double spaced)
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