Monday, April 23, 2007

The European Union


The European Union is made up of 25 nations and was formed after World War II and began as the economic union. It was formed by six nations in Europe that produce coals and steel, but they were successful and started to produce more things which later joined by other countries. The USSR and the U.S.A were the two superpowers before but after the collapse of USSR in the year 1991, the European Nation then take over and are competing with the U.S. However the European Nation now have political and economic superpower. Before the European Union was formed between these 25 nations they used to use different currency but after they formed as one they share the same currency which is the Euro and was introduced on January 1,2002. The Euro is use more than the U.S dollars and is traded everyday as much as the U.S dollars.

After the European Union was formed, things got much easier than before , people got jobs faster and there weren't much security as before. Now people are able to move around from a country to another without being checked by security as much as before. Its lot easier now for European Nations because before the EU was founded, people had difficult time traveling from a country to another to do business, the reason why was before there was a lot of security and as you enter each country you had to change currency but since the EU, there is only one main currency used which is the Euro. The EU had help business people a lot and make things much easier for them because they were able to live in one country and work in another country, they were also able to buys houses in other places etc. This is similar to the Unites States because its the things that happened here, people from other countries are able to come into America and build and buy places, they are also able to work and move back and forth. The population in EU is also growing larger and there is about 500 millions of citizens which makes it the third largest country in the world after china and India.

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