Monday, April 23, 2007

The European Union


The European Union is an alliance today of 25 nations because in the period of 1870 and1945 France and Germany fought each other three times. European leaders thought that the only for this countries to stay in peace with each other is by uniting them economically and politically. This Union has caused a Competition between the USA. Before the European Union the Nations with the superpowers were the USSR and the USA but after the collapse in 1991, its only USA and the European Union. Now the 25 European Nations that make up the Union all share the same currency, the Euro.
When the Euro first came out people were disbelieving in it, but after it has been introduced in Jan 1 2002. The Euro has become one of the leading currencies in the world.Now a days the Euro is traded more then the US dollar and the value of the Euro counties to grow. I think that the European Union is a good thing because it has prevented fights between France and Germany. I also think its a good thing because now traveling is much easier.

1 comment:

Kadrec said...

euro is not an official currency of all the member-countries! the EUROzone is composed of only 16 of 27 EU-member-countries!