1. EUROPEAN UNION the “EU”

2. European Union (EU)
Created to provide economic Strength and political security in Europe.

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

4. 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

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

6. Issues in the “EU”
Poor economic decisions by individual members – Ireland and Greece
BREXIT – Great Britain is planning to leave the “EU”