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European Union

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European Union What is the European Union? Economic union of 25 European countries http://www.europa.eu.int/abc/maps/index_en.htm History 1951 European Coal and Steel ... – PowerPoint PPT presentation

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Title: European Union


1
European Union
2
What is the European Union?
  • Economic union of 25 European countries
  • http//www.europa.eu.int/abc/maps/index_en.htm

3
  • Map courtesy of Europa Online http//www.europa.e
    u.int/abc/eu_members/index_en.htm

4
History
  • 1951 European Coal and Steel Community
  • 1957 Treaty of Rome established the European
    Economic Community (EEC)
  • Called for creation of common market among six
    member states

5
  • 1986 Single European Act set the creation of
    single market
  • 1993 European Union (Maastricht Treaty)
  • Created the three pillars of the EU
  • Economic, social and environmental
  • Foreign policy and military matters
  • Justice and home affairs (crime)
  • July 2003 Constitution drafted which would
    replace existing agreements

6
Organization
  • European Parliament
  • Commission initiates legislation
  • Court of Justice ensures compliance with law
  • Court of Auditors audits accounts
  • Economic and Social Committee
  • Committee of the Regions
  • European Central Bank
  • European Investment Bank

7
Symbols of the EU
  • National Anthem
  • Music from the last movement of Ludwig van
    Beethoven's Ninth Symphony Musical
  • Arrangement Herbert von Karajan
  • Recorded at Teatro da Trindade - Lisboa - 1994
  • Orchestre d'Harmonie des Jeunes de l'Union
    Européenne, conducted by André Reichling.

8
  • Europe Day
  • May 9
  • Commemorating the declaration by Robert Schuman
    in 1950 which is regarded as marking the creation
    of the European Union.

9
Eu Jargon
  • Brussels has decided
  • Copenhagen criteria
  • Eurosceptic

10
Money
  • Euro coins and banknotes will be used throughout
    the world

11
  • Euro coins
  • One side will show one of three common designs
    involving a map of Europe nad the twelve starts
  • Other side will have a country specific design
    with the 12 stars around it

12
  • Euro Notes
  • On 1 January 2002, seven banknotes were
    introduced in 12 Member States of the European
    Union.

13
History of the Euro
  • 1999 exchange rates were set among eleven
    participating countries
  • Fixed exchange rates were set
  • Euro became the official currency on paper, and
    other currencies were considered subdivisions of
    the Euro
  • Greece joined on 1 January 2001

14
  • 12 Member States of the European Union are
    participating in the common currency.
  • Belgium Finland
  • Germany Greece
  • Spain France
  • Ireland Italy
  • Luxembourg The Netherlands
  • Austria Portugal

15
  • Denmark, Sweden and the United Kingdom are
    members of the European Union but are not
    currently participating in the single currency.
    Denmark is a member of the Exchange Rate
    Mechanism II (ERM II) which means that the Danish
    krone is linked to the euro, although the
    exchange rate is not fixed.

16
For more information.
  • Europa Online

17
Cairns Group
18
Asia-Pacific Economic Cooperation Forum (APEC)
19
North American Free Trade Agreement (NAFTA)
20
U.S. Trade Agreements
  • http//www.ustr.gov/Trade_Agreements/Section_Index
    .html
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