European Union Notes & Timeline
Basics Supranational organization Supranational organization More economic than political More economic than political 27 current members; expansion to current members; expansion to million; 31% of World’s GDP 500 million; 31% of World’s GDP
Cleavages Agricultural states vs. industrial/service states Agricultural states vs. industrial/service states Rich vs. poor Rich vs. poor East vs. west East vs. west
Accomplishments Reduction in trade barriers Reduction in trade barriers Increase in travel & tourism Increase in travel & tourism Setting interest rates & fiscal policies Setting interest rates & fiscal policies
Failure Agricultural subsidies Agricultural subsidies
Structure A. Commission-initiate & implement policies B. Council-approve Commission’s proposals C. ***Parliament-amend proposals D. Court of Justice-review
Map Original 6: W. Germany, France, Italy, Netherlands, Belgium, Luxembourg Original 6: W. Germany, France, Italy, Netherlands, Belgium, Luxembourg No Interest: Norway, Switzerland No Interest: Norway, Switzerland
1950-Schuman Plan A. French minister Robert Schuman B. Coordinate coal & steel industries of W. Germany & France
1957-Treaty of Rome A. Establishes the EEC (European Economic Community) or Common Market B. Original 6
1965-EC (European Community) A. Go beyond economics (peaceful use of atomic energy)
1973-UK joins
1992-Maastricht Treaty A. European Union B. Monetary policy, citizenship, national security, environmental protection, justice
2002-Euro becomes common currency (17 of 27)
2004-European Constitution A. France & Netherlands reject B. UK fails to hold referendum
2017-UK referendum on EU & Euro