EU headquarters
the union which was created in the year 1957,was initially called European economic community (EEC).after the second world war between (1939 -1945),Germany,France,Holland,Belgium,Luxembourg and Italy decided to come together to formed the union in other to bring and end to the ongoing conflict.since then many countries joined the then called EEC,in 19973 Britain Denmark,republic of Ireland joined the union.in 1992 the name of the union was changed from European economic community to European union,the union now has 25 member state with population of about 450million.before the change of the name,the union was based on economic concerns an instituted harmonization programmes.but now the union is not only base on economic matters but also the union is involved in the decision and policy making of the member state.the introduction of common currency among member state with the exception of UK is a good example of how the union has become more integrated over the years.
the union consist of the European council,the European parliament and the European court of justice and council of ministers ,these council are responsible for running the affairs of the union,with representatives from all the member states.the member states include republic of Ireland,Britain,Denmark,Luxembourg,Germany,the Netherlands,Belgium,France,Italy,Greece,Spain,Portugal,Sweden,Finland,Austria,Estonia,Latvia,Lithuania,polan,Czech republic,Slovakia,hungry Slovenia,Malta and Cyprus all the member states drives allot of benefit from the union,either politically or economically.for instance British poorer regions have benefited allot from the regional funds.however being part of the union can also be of disadvantage to the member states.below are some of the disadvantage and advantage of being an EU MEMBER
EU leaders in a meeting
one of the major advantage of EU membership according to blog spot.com is the single market system,the single market system enables companies to trade in international market freely among the member states,the use of same currency among the member states with the exception of UK also makes movement of people,goods and services more easy.the use of similar currency makes it easy for traders to predict markets.according to BBC news it was estimated that a traveller visiting all the twelve then EC countries will lose about 40% value of his money on exchange and transfer charges,but with the introduction of the same currency for all the member states that loss does not longer exist.in my opinion another advantage is the union promotes peace and good mutual understanding among member states,the member states are working together to help each other developed.they help each in policy and decision making.however the EU membership also has some disadvantages.
on the other hand the EU membership also has some disadvantages according to notaboohereblogspot.com one of the major disadvantage is loss of national sovereignty.that is whenever a new country join the EU it most accept all the terms and condition of the EU even if condition is against the rules and regulation of the country.and also without considering the interest of the people of that particular country.another disadvantage of the union is smaller countries have less influence in policy and decision making of the union.the bigger countries always have the final say.especially on security issues
in conclusion the EU has more advantages than disadvantages to it member states.in my opinion the union has brought peace and prosperity among it member states,and they have unite their people ,they are also helping each other in solving problems either politically economically,socially or educationally.
references
http://www.insideout.net/
bbcnews.co.uk
http://notaboohere.blogspot.com/2011/03/advantages-and-disadvantages-of.html
http://news.xinhuanet.com/english/2008-03/14/content_7785081.htm
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