The European Union

The European Union

The European Union (EU) is a one-of-a-kind economic and political union of 27 European nations. The outcome was the establishment of the European Economic Community in 1958, with the intended goal of improving economic cooperation among six countries: Belgium, Germany, France, Italy, Luxembourg, and the Netherlands. The EU was founded with the intention of putting a stop to the frequent and brutal battles between neighbours that culminated in World War II. The Schumann Declaration, which promoted the formation of the European Coal and Steel Community, established the groundwork for the modern European Union.

Historical Background to the development of EU

Question of Europe: Towards the end of the Second World War, a quandary arose regarding how Europe ought to be reintegrated after the conflict. Should it return to old standards or be reconstituted on sure standards of worldwide relations. This came to be known as the Question of Europe. 

In the extended period of 1945, the European states opposed the destruction of their economies and the obliteration of the suspicions and constructions on which Europe had been established. Post-1945, America expanded huge monetary assistance for restoring Europe’s economy under what was known as the Marshall Plan. In 1948, the Organization for European Economic Cooperation (OEEC) was set up under the Marshall Plan to channel help toward the west European states.The European Union turned into a discussion for exchange and monetary issues where the western European states started to coordinate.

Formation of the EU

• The Council of Europe was set up in 1949, as one more advance forward in political participation
• The course of the economic integration of European industrialized nations led to the formation of the European Economic Community in 1957 in a subsequent manner
• With the creation of the European Parliament, this process acquired a political dimension
• The fall of the Soviet alliance fixed Europe on a most optimized plan of attack, which came about in the formation of the European Union in 1992
• The reasons for the formation of the European Union were for a common foreign and security policy, cooperation on justice and home affairs, and the creation of a single currency

    Evolution of EU

• The so-called European Union has emerged over time from an economic union to an increasingly political one
• At its inception, it started to act more like a nation-state. Although, the European Union has its own flag, anthem, founding date, and currency, it failed to have a Constitution for the EU
• In order to deal with the other nations, the European Union also has some form of a common foreign and security policy
• Many times, it has tried to expand areas of cooperation while acquiring new members, most importantly from the erstwhile Soviet bloc

Problems in the functioning of the European Union

• People in many countries are not very enthusiastic about giving the EU powers that were exercised by the government of their country
• There are reservations about including some new countries within the EU
• Its member states have their own foreign relations and defence policies that are often at odds with each other
• Deep-seated ‘Euroscepticism’ in some parts of Europe about the EU’s integrationist agenda is a prominent factor
• Countries like Denmark and Sweden have resisted the Maastricht treaty of the European Union and the adoption of the Euro. This common European currency limits the ability of the EU to act in matters of foreign relations and defence
• Britain’s former prime minister, Margaret Thatcher, kept the UK out of the European Market. (BREXIT)

Scope and achievements of the European Union

• The EU has an economic, political, discretionary, and military impact
• The EU is among the world’s greatest economies
• The currency (Euro) of the European Union can pose a threat to the dominance of the US dollar
• The European Union’s share of world trade is much larger than that of the United States, allowing it to be more assertive in trade disputes with the US and China
• This organization sometimes starts functioning of the European Union as an important bloc in international economic organizations such as the World Trade Organisation (WTO)
• One current and one previous member of the EU, France, and Britain, hold permanent seats on the UN Security Council
• The EU also includes several non-permanent members of the UNSC
• It enabled the EU to influence some US policies, such as the current US position on Iran’s nuclear program
• In the case of its dialogue with China on human rights and environmental degradation, the European Union uses its diplomacy, economic investments, and negotiations rather than coercion and military force
• In the scenario of military power, its combined armed forces are the second largest in the world. The European Union stood second after the US in the case of expenditure in defence
• Two EU member states, Britain and France, also have nuclear arsenals of approximately 550 nuclear warheads
• It is also the world’s second most important source of space and communications technology
• As a supranational organization, the EU can intervene in economic, political, and social areas

Conclusion

Within its boundaries, the European Union seeks to foster peace, its ideals, and the well-being of its inhabitants. Provide freedom, security, and justice without internal boundaries, while also implementing adequate steps at its external borders to manage asylum and immigration, as well as to prevent and fight crime