We are providing many paragraphs, long essay in very simple language with the boundaries of different words here. Here you can find Essay on Euro Aggregation and Uncertain Future of European Unity in English language for students in 1000 words. In this article cover Topic : European crisis arose due to Great Depression in the economic field, Other causes of Euro crisis, A monetary union, Eurozone was made, European Union and its objective, The other trade organisations established to tackle the crisis, The policy to regulate the refugee movement and The recent debate about BREXIT.
After the Great Depression of the 1930s, after the World Economic Recession of 2008, the world was facing the worst financial crisis, the European crisis became very bad. European sovereign debt crisis, high sovereign debt of the member states, poor financial health of financial institutions, and increasing the issues of government securities to repay the loan. Iceland's financial institution was tampered with, soon it became entangled in the sensitive members, PIIGS: Portugal, Ireland, Iceland, Greece and Spain. More member states had adverse effects but PUGs were the worst hit in countries, thus ignoring the European sovereign debt crisis, the EU was recently the most successful model of regional integration at the political level.
But, in recent times, it has been seriously shocked by the euro zone economic crisis, refugee attacks, examples of terrorist attacks, which have raised questions about integration objectives. These are the roots of the entire crisis, whose member countries were ignored and the reaction of time was not through raising questions about the integration process.
To understand the European crisis, it requires analysis of its past episodes. Why did the member countries come together to make the Eurozone and what were the external or internal reasons that began to recover from the crisis and the entire EU spread like a wild fire in the dirt.
Eurozone is a monetary union that contains 19 states of 28 European Union members. The euro is their only currency or the only legal tender, because the payment method is to meet their financial obligations. The Eurozone includes Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Lithuania, Latvia, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain.
Some countries have adopted Euros after signing a formal agreement with the European Union, including Andorra, Monaco, San Marino and the Vatican City Denmark and the UK have been away but once they are expecting each other If they meet, the provision is made under the agreement to join the Eurozone. The monetary policy of member countries is managed by the European Central Bank (ECB).
In the days before the ongoing financial crisis, in many countries, especially PIIGS was unable to repay sovereign debt and could not bail out its domestic banks. To refinance its debt, it was imminent to seek help from the European Central Bank, the International Monetary Fund and the strong economies of the Eurozone (Germany, France). Therefore, they formed the European Financial Stability Facility (EFSF) to bail them from soup. These arrangements were specific specific features established in 2010 to address the European debt crisis.
On the other hand, the EU (EU) is a more comprehensive concept, the concept of the European Union has been based on the sovereignty that has been collected, new politics based on 'Supranational Community', establishing institutions that oversee the integration process, and together It has been envisaged to help in living. This is based on consensus-based decision-making; In the examples of major crises, it is not necessary to help member states and leave them to leave them. The above principles of integration represent historical reconciliation between different states and promote the expected political will for cooperation and integration.
The ongoing economic crisis demonstrates the way in which the EU stands on these principles of political selfishness. Although on the economic front, the expected brightness has declined from the last days of 2012, but the recent double-declining economist's prediction can not be ruled by T. Today, the main risk is the continuous weakness of economies of some member countries of Greece, such as Greece, Spain and Portugal and there is a possibility of fresh speculation in the financial markets. This crisis has increased especially towards Asia, China, India and ASEAN towards capital.
At the same time, the aging population of the European Union has been greatly helped because demographic dividend is in favor of Asian nations. Therefore, to keep the idea of floating EU, US, EU and its affiliates are engaged in the establishment of trade organizations such as Trans Pacific Partnership (TPP), Transatlantic Trade Investment Partnership ("MP) etc. through these sub-organization organizations. From, to restore ecological, labor and social norms to restore Asia and to overcome its current beneficial status.
In the meantime, all these economic chaos are another factor which has adversely affected the EU, it is a refugee attack from the Middle East. This process can not be seen in isolation because it is a direct result of NATO of the US and US foreign policy. The refugee crisis was the result of the humanitarian crisis in the Middle East and in Europe was the charm of a better lifestyle.
It has raised a question on the independent movement policy of individuals and goods on the Schengen Area. In order to regulate the refugee movement, states have begun to come out of this policy. Here too, Greece was the worst hit, because refugees in particular due to the proximity to the Middle East and Syria resulted in landing on their islands. According to the EU Dublin Rule, where the refugees first set their feet in the country, they are obliged to provide them for them. This is worse for Greece and the EU
Similarly, the recent debate of Brexit from the European Union is a cause of concern for uniting the political union. The idea of Britain's exit from the European Union has not gone down with member states. As with the UK and Germany, the anchor is giving a sense of stability to the state associations. However, this issue was widely discussed on the issue of the British public and due to the debate sentiments, the UK chose to make a referendum on the issue to decide on its membership.
According to the ADO of 'The Economist', Braxtil's professionals and opposition have been underlined. Trade in the European Union on better conditions for encouraging the union in Britain; Leaving means the refugee flow will not be reduced; Representation twice on the international front (by the British Foreign Office and the European Union's High Representative); More monetary benefits than the European Union
There are arguments for Brextitt, Britain can do better deals with other countries without complying with EU regulations; Leaving will regain control over health and safety issues; Due to being outside the EU, the UK has had little effect. Therefore, it can be seen that the views of the Monetary Union (EU) and the Political Union (EU) are correct, but less active efforts have been made to prevent policy paralysis by the individual member countries and to prevent the crisis.
Its existence is now likely to take control of policies on the leaders of the Union and move forward. The role of Germany, France and Britain will be crucial for the existence of the Union. However, the coordinated problems of the economy, refugees, terrorism will examine the entire union's philosophy and its integration.