What is the European Union?
The European Union is a political and economic body which consists of 28 European states. It was created in the period following World War 2 with the aim of fostering economic cooperation between the states in Europe.
The union itself is governed by representative democracy with seven key principal making bodies; these include the European Parliament which directly represents the citizens and the European Council which represents the member states. The union’s actions are dictated by treaties, which the member states agree on democratically.
The union was successfully in creating a period of peace during which they launched the euro, a single currency for the European states which aimed at improving the citizen’s living standards. They also abolished the border controls between the countries, making it easier to travel, work and live in the countries which make up most of Europe.
History of the European Union
At the end of the Second World War, the countries in Europe founded the EU with the aim of creating peaceful relations between the countries, and decreasingly the chance for war. The union began as the European Coal and Steel Community, in 1950, and aimed to unite the countries in both political and economic relations to secure long term peace.
In the 1960’s these relations were improved further when the countries of the European Union halted the custom payments on trade supplies. They also agreed to share control over their food production, which limited the rate of starvation in their respective countries.
Over time the European Union’s membership and agreements increased. Under the European Union’s regional policy they began to transfer significant sums of capital in an attempt to create jobs and improve the infrastructure in the poorer area. Then in 2009, the Treaty of Lisbon provided the Union with a variety of modern instates and effective working methods which has allowed to carry out their objectives more effectively.
The EU and Brexit
There has been a large debate regarding Britain’s membership of the European Union, which dates back to their membership in the late 1900’s. Despite the pressure for them to exit, they didn’t take any significant action until recently. Following a referendum in July 2016, in which 52% voted to leave the EU, the British government seem to be considering what has been termed as “Brexit”’ the official term to describe Britain exiting the European Union.
This process is not simple, and will have a range of repercussions, leading many economists and politicians to argue against the move. While Britain may gain an increased amount of freedom in their actions, they will become somewhat isolated losing the political and economic benefits attached to being a member of such a large body.
The European Body ties the nations of Europe together making them somewhat reliant on one another, both politically and economically, which has both benefits and repercussions.