European Union Flashcards
Who was the EU set up by and in what year? (EU globalisation)
Treaty of Rome in 1957
Who were the original 6 EU members? (EU globalisation)
- Italy
- Germany
- Luxemburg
- Germany
- France
- Belgium
What happened in 1987? (EU globalisation)
Single European treaty signed
What happened in 1993? (EU globalisation)
Amended the treaty, including freedom of movement, goods and services
What happened in 2007? (EU globalisation)
The Euro was born, leading to a majority single currency
What were the aims of the EU? (EU globalisation)
1) trade without tariffs
2) equal distribution of food
3) investing funds into poorer areas
4) single market with common trading rules
What percentage of Romania’s and Bulgaria’s population live in rural areas? (EU globalisation)
50%
What are the positives for new EU members? (EU globalisation)
Gains funding for development, increasing QOL and SOL
What are the positives for existing EU members? (EU globalisation)
More people means all have economic growth together
What are the negatives for new EU members? (EU globalisation)
Larger economies may dictate agreements and file new laws
What are the negatives for existing EU members? (EU globalisation)
Have to put money into the EU regional fund where little in given back
What are the social positives for being in the EU? (EU globalisation)
EU support many industries such as subsides for farmers
What are the social negatives for being in the EU? (EU globalisation)
Increased immigration with lack of skills seeking better wages, increased benefits
What are the economic positives for being in the EU? (EU globalisation)
Increased trade, UK GDP =
1970 12%
2002 23%
What are the economic negatives for being in the EU? (EU globalisation)
Shared resources e.g Common fisheries policies, that enable open waters, bigger companies will win
