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The treaty of Maastricht [link widoczny dla zalogowanych], signed in 1992 formalised the political league. The citizens of its member countries can now freely push between the member states to work, study or live anywhere they like. Similarly they can provide anywhere in the European Union without anyone restrictions. Goods entering the territory of the European Union, cannot be subjected to customs duties or tariffs while they voyage among the EU.
The Euro is the second largest reserve currency and the second most traded currency in the world. The Euro zone, comprising of member states using the Euro, is the second largest economy in the world along to IMF estimates.
Read the complete history of the European Union in their official network site Europa.
The European Union is an economic and political alliance between 27 member countries. Founded in 1992 by the treaty of Maastricht, it enables the free manoeuvre of people, merchandise, services and chief within the member states. Sixteen of the member states have a general currency shrieked Euro.
Euro - Currency of European Union
Members of the European Union were legally leap by the Maastricht treaty to start the financial union no afterward than 1 Jan 1999. The Euro was launched on the same date by eleven of the member countries. Today, sixteen countries use Euro [link widoczny dla zalogowanych], the most recent increases to the Euro zone creature Slovakia, Cyprus and Malta.
Read on
The EU Wooden Horse Mechanism Will Not Fool Speculators.
Greece Debt Crisis and the Meaning of EU Membership
Hedge Fund Regulation in Europe
The Euro area is a nouveau experiment in the history of the world, because it knotted attach lusty economies favor Germany and France with weaker economies favor Spain, Portugal and Greece. So far the experiment seemed to be succeeding. Then came the Greece crisis. In a course this could play out to be an important milestone because European Union. The manner in which the leaders knob the present crisis may shape the future of European Union.
The European Union was proposed to be founded in the lines of the United States, a close confederation of neutral member states with a strong administration above altitude. The idea namely Europe [link widoczny dla zalogowanych], disabled by the two world battles, could recover its strength merely as posing as 1 entity, acquired momentum in the 1950s. A political alliance called 'European political cooperation' was fired in 1970 to coordinate the alien policies of its members.
History of the European Union
The hereafter of European Union may be shaped to a great amplitude along the recent economic uproar in Greece. Although small in terms of size and the percentage of its GNP as a ratio of the World GNP, the crisis in Greece is panicked apt permeate to the European Union and in rotate to the world.