WORLD HISTORY

POST COLD WAR WORLD

INTEGRATION OF EUROPE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Why was the European Union formed?
A
to treat countries as one nation
B
to unite Europe economically
C
to control how farmers and other primary workers get paid
D
to give workers equal wages
Explanation: 

Detailed explanation-1: -The EU represents one in a series of efforts to integrate Europe since World War II. At the end of the war, several western European countries sought closer economic, social, and political ties to achieve economic growth and military security and to promote a lasting reconciliation between France and Germany.

Detailed explanation-2: -The EU’s main economic engine is the single market. It enables goods, services, money and people to move freely. The EU aims to follow suit in other areas like energy, knowledge and capital markets to ensure that Europeans also obtain the maximum benefit from these resources.

Detailed explanation-3: -The European Economic Community (EEC) was a regional organisation created by the Treaty of Rome of 1957, aiming to foster economic integration among its member states. It was subsequently renamed the European Community (EC) upon becoming integrated into the first pillar of the newly formed European Union in 1993.

Detailed explanation-4: -freedom for its citizens to live, study or work anywhere in the EU. the world’s biggest single market. aid and development assistance for millions of people worldwide.

Detailed explanation-5: -The euro has eliminated the costs of exchange rate fluctuations within the euro area. This protects consumers and businesses within the euro area from costly swings in currency markets, which, in some countries, used to undermine confidence, discourage investment and cause economic instability.

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