EUROPEAN UNION the “EU”

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EUROPEAN UNION the “EU”

€ Supranationalism New “Euro” Currency A venture involving three or more nations Political, economic, and/or cultural cooperation to promote shared objectives New “Euro” Currency €

European Union (EU) Original Members: (12) Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, UK Established: 1992 Aimed to coordinate policy among the members in three ways: -- economics -- defense -- justice and home affairs Currently 27 Members 4 countries waiting to join 6 countries hoping to join

Supranationalism Problems Loss of autonomy and control Differences in levels of economic development Cultural barriers

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