Europe: European Union (EU)

What are some of the challenges the European Union faces in the future?

1) Differences in economic development 2) Integrating new members 3) Wage disparity 4) Debt of other member nations

What are some of the economic benefits to belonging to the European Union?

1) Provides an economic advantage to the smaller sized members by belonging to a larger trading bloc. 2) Increased trade & travel between member nations 3) Elimination of tariffs 4) Greater influence on world trade 5) Improved infrastructure

What is the purpose of the European Union?

Promote peace and prosperity through economic growth & cooperation.

What benefits has the Euro € had on European Union members?

The Euro has eliminated barriers for travel and trade between the member nations.