40 Pages Posted: 10 Jan 2011
Date Written: May 10, 2010
The EU is a unique economic and political partnership between 27 democratic European countries. It has accomplished a great deal in promoting peace, prosperity, justice, freedom, solidarity, and participatory democracy for its 498 million citizens. The eurozone showcases the achievement of its deeper monetary integration. This paper aims at addressing the following topics: How has the EU developed? How does it work? How are the institutions structured and who makes the decisions? How does it pursue external economic policies? How does it promote internal economic and social integration? How has it deepened monetary integration through the creation of the eurozone? What are the shortcomings in the agreement on the Economic and Monetary Union? What are the current crises facing the EU, and the eurozone in particular? Are there legal obstacles in providing financial aid to Greece? What are the reform proposals aimed at strengthening the eurozone and avoiding future financial crises? And what are the future prospects of the EU and the eurozone?
Keywords: EU, European Union, Economic Integration, Common Market, EMU, Euro, Eurozone
JEL Classification: F13, F15, F33, F36
Suggested Citation: Suggested Citation
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