History of Eu

In: Business and Management

Submitted By marktucker629
Words 948
Pages 4
Brief History of EU In 1957, the “Six” countries Belgium, France, Italy, Luxembourg, Netherlands, and West Germany signed the Treaties of Rome which establish the European Economic Community,(ECC) establishing a customs union and the European Atomic Energy Community (Euratom) for cooperation in developing nuclear energy. In 1967 the Merger Treaty created a single set of institutions for the three communities, collected referred as European Community (EC). The EC was enlarged in 1973 when Denmark, Ireland, and the United Kingdom became members. The first direct election for European Parliament took place in 1979. Greece became member in 1981, Spain and Portugal in 1986. What were the four freedoms of the EC? (main idea behind EU)
Goods, services, capital, and labor and would adopt a common policy toward nonmember trading partners and on agriculture transport. What was the main objective of The Single European Act?
The Single European Act was signed in Luxembourg in 1986. The main objective was to create the Single Market with European Commission by the end of 1992. What was the significant of the Treaty of Maastricht in the EU? The Treaty of Maastricht was signed in Netherland in 1991. The Treaty of Maastricht created the European Union and the single currency though out Europe. What were the assumptions of the Cecchini Report?
This report is the analysis of the benefits and costs anticipated from the European economic integration. The report was based on two assumptions (I) Full employment and unchanged wages (II) all the countries have similar GDP growth. What were the implicit assumptions included in the Cecchini Report?
The implicit assumptions were
I. All 282 directives would be legislated by the member states.
II. No change in relations among member states
III. No…...

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