The European Economic Community and the Euro Dollar

Through the Rome Convention signed by Belgium, France, Italy, Luxembourg, the Netherlands and Germany to achieve economic cooperation, the European Economic Community and the European Community Economic Community (EEC) were also known and established as a joint market in 1957 It was. "We have been committed to the development of cooperative and mutual policies for free flow of labor and capital, trust and abolition of cartels, labor, social welfare, agriculture, transportation and foreign trade." The alliance finally reached eleven countries in Europe on January 1, 1999 and now it is collective.

The EU is an economic and political alliance of 28 countries. The population is about 500 million people and the gross domestic product is 14.3 trillion euro ($ 18.5 trillion). It is managed by seven organizations, including the European Council, the European Union Council, the European Parliament, the European Commission, the European Union Court, the European Central Bank and the European Supervisory Board. These agencies are collaborating to keep balance in a single open European market. All EU policies and positions are decided through the Convention and are signed by laws by the participating countries.

Economic integration from European settlement coalition, European coal and steel community to common market, European currency system, single market, euro is one of the most visible, controversial and commentary aspects of European development is. The end of World War II. Without it, it is difficult to imagine that the European economy develops in the same way. Or is it? We have seen that, without the institutions and processes that will eventually become the current EU, we can promote the argument that Europe's living standards, growth rates and economic structure do not change much. We use Fogel's method applied to the railroad: the suspicion is very small, and we use the assumption that the bias is estimated as far as possible. Our conclusion is that in the absence of the EU, Europe's income is about 5% lower today.

The euro currency - the euro comes from the treaty, its aim is to create a common market in Europe that can boost economic prosperity. On January 1, 2002, the new currencies arrived in Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. The currency is divided into euros and euros. There are 8 coins ranging from 1 euro to 2 euros. There are 7 kinds of banknotes from 5 euro banknotes to 500 euro banknotes. The development of the euro has succeeded in helping people, services, capital, goods move more freely among Europe.