StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Discuss whether the Euro zone crisis has had an effect on the European integration project - Essay Example

Comments (0) Cite this document
Summary
Effect of “Euro zone crisis” on the European integration project Introduction Eurozone Crisis, or The European debt crisis, refers to the failure of Europe to pay the debts it accumulated in recent times. Some of the prominent members of European Union (EU) such as Greece, Portugal, Ireland, Italy, and Spain have failed to develop properly in recent times because of various reasons…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.5% of users find it useful
Discuss whether the Euro zone crisis has had an effect on the European integration project
Read TextPreview

Extract of sample "Discuss whether the Euro zone crisis has had an effect on the European integration project"

Download file to see previous pages Bank of England referred this crisis as “the most serious financial crisis at least since the 1930s, if not ever,” in October 2011” (Kenny, 2012). This paper explores the history of European integration first and then explores whether Eurozone crisis has any effect on European integration. History of European Integration Second World War has changed the history of Europe immensely. In fact, Europe has been divided into distinctive ideological segments as a result of WW2. Eastern Europe came under the control of communist regime whereas Western Europe was occupied by democratic regimes or capitalist countries after WW2. Moreover, one portion of Germany (East) came under communism whereas another portion of it came under capitalism immediately after WW2. It should be noted that capitalism and communism would never travel in parallel directions. So, tensions between communist East and capitalist West of Europe started to intensify after Second World War. Prominent politicians and scholars of Europe such as Winston Churchill realised that the progress of Europe would never be possible if one part of it function in one direction and other part in opposite direction. Thus, the call for regional integration started immediately after the end of WW2. Moreover, the theories of Federalism and Functionalism, put forward by prominent scholars gave momentum to the integration process of Europe. “The term “regional integration” means combining parts into a whole, according to the Oxford Advanced Learners Dictionary” (Dosenrode, 2010, p.4). Europe was functioning as parts after WW2. For example, the whole Germany was functioning as East and West under two contrasting political ideologies. The fall of Soviet Union during the latter parts of twentieth century gave momentum to the regional integration process in Europe. The introduction of principles such as perestroika and glasnost by former Soviet leader Gorbachev helped the Soviet Union and other communist countries to expel communism from their territories. Majority of the Eastern European communist countries including East Germany embraced capitalism or democracy after the fall of communism in Soviet Union. The Berlin Wall has been destroyed and the two Germanies became united once again. All these incidents encouraged the regional integration process in Europe in one way or another. Moreover, the progress of Untied States towards prosperity made the European leaders aware of the necessities of a European Union (EU) to enhance their potentials for economic progress. The first pillar of EU was constructed in 1951 in the form of European Coal and Steel Community (ECSC) by the six countries; Belgium, France, West Germany, Italy, Luxembourg, and Netherlands. Since then, a series of incidents happened in the integration process of Europe. “The EEC Treaty, signed in Rome in 1957, brings together France, Germany, Italy and the Benelux countries in a community (EEC) whose aim is to achieve integration via trade with a view to economic expansion” (Treaty establishing the European Economic Community, EEC Treaty - original text, 2010). The 1960 Stockholm Convention resulted in the formation of European Free Trade Association (EFTA) (Convention Establishing The European Free Tra ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Discuss whether the Euro zone crisis has had an effect on the European Essay”, n.d.)
Discuss whether the Euro zone crisis has had an effect on the European Essay. Retrieved from https://studentshare.org/macro-microeconomics/1462436-discuss-whether-the-ypeuro-zone-crisisy-has-had-an
(Discuss Whether the Euro Zone Crisis Has Had an Effect on the European Essay)
Discuss Whether the Euro Zone Crisis Has Had an Effect on the European Essay. https://studentshare.org/macro-microeconomics/1462436-discuss-whether-the-ypeuro-zone-crisisy-has-had-an.
“Discuss Whether the Euro Zone Crisis Has Had an Effect on the European Essay”, n.d. https://studentshare.org/macro-microeconomics/1462436-discuss-whether-the-ypeuro-zone-crisisy-has-had-an.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Discuss whether the Euro zone crisis has had an effect on the European integration project

My College Education and Internship Project

As I complete my education at Touro College it indicates that I am taking the first step towards launching into a full-fledged career. It not only signifies the end of my education but also my readiness to begin working and contribute to the world in general. I believe that my internship at Web fact, a technology company, has made me apply the concepts and skills that I have learned during my college education. The application of the theory that I learned in college in my internship helped me put my education in perspective. 

I am in my 5th semester of the Bachelor’s degree in Management and International Business at Touro College, Berlin. I find it exciting to study in English and getting an international pe...
9 Pages(2250 words)Coursework

Project Risk Assessment: Qualitative Versus Quantitative Approach

The risks may vary in terms of nature or scope according to the situation. So since the risk is so common in project management, a very important aspect of managing a project is analyzing all the possible risks that are associated with that particular project. It makes no sense of going on with a project and not giving a thought to the risks that could affect the success. Once these risks are analyzed, the project manager will have all the possible risks in front of him. He will know the degree of risk and also the benefits that the organization will get if the risk is taken. Therefore only after a risk analysis, the project manager is in a position to conclude whether or not it is worth taking the risk and going on with a certain...
6 Pages(1500 words)Assignment

Project Management: Best Practices and Stakeholders Perspective

Employees of functional divisions are assigned or detailed to a specific project and then re-assigned back to the organization when the project is completed.
Project management is defined by the Project Management Institute (PMI) as the application of knowledge, skills, tools, and techniques to project activities to meet project requirements; and its methodology as the planning, monitoring, and control of all aspects of the project and motivation of all those involved in it to achieve the project objectives on time and to the specified cost, quality, and performance.” Being a temporary, one-time endeavor, it differs from the organization's operations and processes which are its current and permanent work to create a pro...
6 Pages(1500 words)Literature review

The Effect of Mass Media on Latinos' Self Image

The willful perversion of facts relating to the representation of Latinos in the U.S. media is disgraceful, inconsiderate and extremely misleading and hence calls for immediate attention to prevent the degradation of a particular section of the society since their depiction and imagery in mass media plays a significant role in shaping their social identity and governs their self-esteem. Television and films both being dominant forms of media persistently depict racial stereotypes which are largely false representations of the
According to U.S. Census (2000), Latinos are the fastest-growing ethnic communities in the United States constituting almost 12.5% of the population of which merely 3 – 4% of the Latino population...
7 Pages(1750 words)Term Paper

The Effect of Democracy on Chinese Development

Any country first needs to go through economic liberalization and political liberalization before finally settling into a stable democratic situation. Democracy should not at any one point be viewed as if it were socialism, but should be seen as a means of promoting economic development through accountability and protection of individual lawful rights and interests...accountability in the sense that the respective leaders are able to fight corruption, enhance social harmony, strengthen public trust and more importantly empower government institutions that are directly in touch with the people (Liu, 2008, p.1-2). Owing to the Chinese well informed and affluent society on top of having a very dynamic economy, the political change wh...
7 Pages(1750 words)Coursework

The Effects of Financial Crisis on Supplier Selection Criteria of the Oil and Gas Industry Equipment Market

It is a difficult task to find those vendors who not only have the adequate quality and quantity of the needed raw materials but who also have an attitude of efficiency and display commitment to customer service (Sonmat, 2006). Further, organizations also strive to locate and select vendors who can be depended upon for long term relationship.

The number of factors or attributes desired from the vendor is vast, and different organizations and different industries place different importance on the attributes (Sonmat, 2006). Some of the vendor attributes may gain importance owing to the nature of the industry, for example, in the case of consumer perishables suppliers, like fresh vegetables or fruits, the buying firm would...
20 Pages(5000 words)Literature review

Project Planning Human Capital

Project planning involves a lot of factors and areas that we need to address for the effective management and handling of the project. The aim of this report is to provide a deep insight into some of the main areas that we need to address for the project of Adams's family farmhouse renovation. These issues are project team communication, project risk management, and deadline handling. Effective communication in a project provides a huge advantage regarding the better working and handling of the project. I have selected a very significant project regarding the preservation of the old and historical places. Here we require effective communication to provide better interaction among the designer, developers, and history preservation...
8 Pages(2000 words)Coursework

Effect of Corporations Moving Jobs Overseas on the Economy

The issue comes into focus, whenever there are political, economic debates or talks about H1B visa limits. The economic slowdown has further led to the intensification of these debates. But, despite apprehensions from different quarters, neither the companies nor the government has said a final word on the trend. Increasing levels of competition amongst the corporate houses have been one of the key highlights of the globalization era. Be it the retail sector, the banking, the automobile, the IT-enabled services, the white goods space, etc. the companies have always been on the lookout for reaching out to more number of customers while doing everything possible to please the existing lot. Leveraging the economies of scale has prove...
8 Pages(2000 words)Coursework

European Union Policy: Turkey

... leaders knew personally the former Turkish leaders whom the military put on trial for treason.”( Turkey-European....) The EC had to respond. It froze relations with Turkey and suspended economic aid. The Council of Europe also expelled Turkey from its parliamentary body. When civilian rule was restored, EC expressed its willingness to resume dialogue in 1985 and followed it by restoring the economic aid. But Turkey continued to be under the shadow of military takeover, a concern shared by many Turkish politicians. Democracy has yet to take firm roots in Turkey. The human rights issue continues to cause great concern. EU members expressed reservations about Turkeys human rights record. Amnesty International and Helsinki Watch, two...
9 Pages(2250 words)Case Study

Global Employee Information and Consultation: Replicating the European Model

...Global Employee Information and Consultation: Replicating the European Model INTRODUCTION The only way for the employees and their representatives to reach the level of multinational corporations is to create an effective transnational mechanism that facilitates consultation and information disclosure. The European model (EWC) is an example of an institution that intends to provide employees voice in the transnational arena. The information dissemination and consultation arrangement enable employee representatives to participate in discussing issues that pertains to their employment. However, there is a need to analyze whether EU style of legislating a mechanism shall be effective if replicated globally. The answer in part depends...
9 Pages(2250 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Discuss whether the Euro zone crisis has had an effect on the European integration project for FREE!

Contact Us