Nobody downloaded yet

European Economic Community - Essay Example

Comments (0) Cite this document
Initially known under the name European Economic Community, established by the Treaty of Rome in 1957, the European Community was established in 1967 and is today known under the name EC by the Maastricht Treaty in 1992, which aimed to the creation of the European Union under three separate pillars…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.9% of users find it useful
European Economic Community
Read TextPreview

Extract of sample "European Economic Community"

Download file to see previous pages Three treaty organizations were considered for the creation of the European Communities known under EC since 1992. The European Economic Community, being the processor of the EC, was a treaty between Belgium, France, Luxemburg, the Netherlands and West Germany. It aimed for the economic inclination of the participating counties which would eventually lead to common political goals and institutions. Today the organization numbers 25 members which all fall under the European Union organization. These are Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, Kingdom of Great Britain and Northern Ireland1.
The aim of this paper is to investigate to what extend the European Union has penetrated the economy of each party and to what extend it represents a new legal order meaning the effect the of the common regulations and policies followed on the participant countries. What's more, the prevalence of Community Laws over local Laws is examines and for this matter the Dutch transport firm Van Gend & Loos case is discussed as an example case.
All former are sustained through comparison within the EC member countries and comparison to development rates universally. Since European Community is a pillar of the European Union focusing on environmental, social and primarily economical matters, the two terms are used interchangeably for the rest of this paper.
Common Policy Issues

The first issue to discuss here are the emerging problems of the common momentary policy implemented four year ago by twelve of the fifteen members and how these were tackled by the Community authorities.
To start with and moving away from the prevalence issues per se, attaining the deficit goals is not an easy task and there is not much confidence for all countries. Strong economies are expected to perform better than smaller economies that might not achieve the set standards and conflicts within the union boundaries are common to occur. Secondly, the bilateral conversion rates are put into question as to how much these reflect the currency prior to conversion. Thirdly, the core or strong economy countries will be a lot more lucrative in risk taking; in fact they will be a lot more conservative. Interest rate level however on the fast growing countries however will be a lot higher and countries such as Ireland, Portugal, Greece and Spain. The former might encounter great issues when managing their economies (Krijsman, 1998).
The entire former sum up to a list of problems the Community had to tackle even before embracing the common monetary policy. Of course the authority of the Community enforced the members to follow the guidelines imposed to them; these however were based on the actual facts and the potential of each member. In any case, the members followed, or are still trying to in case they have not achieved, the set standards imposed by the EC.
The EC Facts
The European Union focuses on economic and environmental policies on subjects as agriculture, trade, humanitarian aid and taxation policies. The unique property of common economic policy met within the European Union boundaries holds an extra property; all participating countries will fail or succeed. This is the main concern of countries that refuse to join the European Union as Switzerland and Norway that refuse to jo ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“European Economic Community Essay Example | Topics and Well Written Essays - 2750 words”, n.d.)
European Economic Community Essay Example | Topics and Well Written Essays - 2750 words. Retrieved from
(European Economic Community Essay Example | Topics and Well Written Essays - 2750 Words)
European Economic Community Essay Example | Topics and Well Written Essays - 2750 Words.
“European Economic Community Essay Example | Topics and Well Written Essays - 2750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF European Economic Community

European community law

...? of the of the of the European Community Law The EC law provides a number of rights to individuals in the EU. It is incumbent upon the domestic courts of the Member States to respect and uphold these rights. Thus, the judiciary plays an important role in the protection of these rights. As such, the courts are required to interpret the provisions of Community law. A Member State has to compensate individuals for the damage caused to them, by its infringement of Community law. In addition, such compensation had to be made to a person, even if the infringement was the outcome of a decision of the court of last instance. However, the court would be liable, only if the...
8 Pages(2000 words)Essay

European Economic Growth

... of the of the Concerned 2 December 2008 Overview of the European Economic Growth Anup to date overview of the EU economic growth definitely needs to be achieved by taking into consideration the current economic situation. In the present times, the world economy in general is facing utterly constrained circumstances. The financial crises being faced by the developed countries has further worsened with the banking and the financial sector bearing the brunt of the situation. Relevant policy measures have been wrought by most of the individual countries throughout the EU and the central banks are trying hard to ensure the economic stability (European Commission). Still the glaring fact is that EU will have to contend with the adverse... ...
4 Pages(1000 words)Essay

European Coal and Steel Community

...whether to pursue this as an integrated region or as individual countries. As to the integration, there were two political and economic models invented at that time - the long history of nation building wherein economic integration follows political unification and the model of Zolverrein where political unification follows economic integration (Lecture, Topic 2: From Post War Reconstruction to the European Coal and Steel Community) Main Body One of the aftermath of World War II is the European Coal and Steel Community, a moved that strengthened both the economic and political ties of the surviving...
6 Pages(1500 words)Essay

European Community Business Law

...that the product warrants PDO registration, a summary sheet of the product is published in the Official Journal of the European Community. At this point, the registration is open for objections for the next six months. If no objections are made, then the product is officially registered with the European Union and offered the status of PDO.3 This status affords the producers the following benefits: Legal protection throughout the European Union. This protection prevents the imitation of a PDO product and in cases where there is imitation, it offers litigious assistance. Increased awareness of the existence of the product and the potential to promote it both locally...
11 Pages(2750 words)Essay

European Community Trade Law

...Part A European Community Trade Law As the problem presented relates to Free Movement of Goods, relevant provisions to be analysed are the articlesno 28 to 30 of EC treaty and relative directive is 70/50/EEC1. Articles 28 to 30 of the EC Treaty set out principles for free movement of goods between the Member States who are expected not to impose restrictions to trade in subject matters unaffected by Community Harmonisation unless specifically exempted. The underlying principle is that goods that are lawfully marketed in One Member State may also be marketed in all other Member States of the Union. This is known as mutual recognition. However the products should be free from defects...
20 Pages(5000 words)Essay

Legal Order of European Community

...Today many of us are so accustomed to the incessant and dynamic changes in most aspects of modern societies that we normally limit our interest only to the most sensational and outstanding events. However, there are numerous processes operating in the world that may be not immediately very visible but which hold a great potential in terms of their prospective influence on the global system of international relations. One of such extremely important processes has been the gradual emergence of what can be termed 'a new legal order' in frames of the European Community (EC), which, in its turn, represents perhaps the most significant political and economic formation that appeared in the...
9 Pages(2250 words)Essay

The European Community Law

...The European Community Law The European Economic Community (EEC) was an association created in 1957 by the Treaty of Rome in order to integrate the economies of Europe. After the 1st of November, 1993 it has been renamed as the European Community. This term also commonly refers to the European Communities, which comprise the EC, the European Coal and Steel Community (ECSC) and the European Atomic Energy Community (Euratom). The EC is the principal component of the European Union (EU) 1. In 1991 the...
14 Pages(3500 words)Essay


...which respects the principles set out in Article 6(1) may apply to become a member of the Union. It shall address its application to the Council, which shall act unanimously after consulting the Commission and after receiving the assent of the European Parliament, which shall act by an absolute majority of its component members" (Warleigh, 2002, p. 100). So to join the European Union, a new Member State must meet three criteria: “political: stability of institutions guaranteeing democracy, the rule of law, human rights and respect for and protection of minorities; economic: existence of a functioning market economy; the capacity to cope with competitive pressure and market forces within...
5 Pages(1250 words)Essay

The European Economic Community

...The European Economic Community The end of World War-II is considered an important milestone towards the reconstruction and integration of the European community. It was on 25th March 1957 that a formal vision of Common European Market was set in motion by the Treaty of Rome, with the aim of increasing economic prosperity and contributing towards a closer union among the governments and peoples of Europe (Hansen, 2002). Thus the European Economic Community (EEC) came into being and started working towards the common interest of the European region. In the beginning the key driving force behind the formation of EEC was to create a common market and begin the era of borderless movement of people, goods and services1. This resulted... in the...
9 Pages(2250 words)Essay

Community & Economic Development

...Community and Economic Development First Affiliation In the contemporary world, one of the most important things is to do with the aspect of job creation. This is something, which has proved to be rather hard for governments to solve. This is also the same in the case of the local government authorities. There are various methods, which are proposed as suitable alternatives in this case. A perfect example and one, which is in focus in this particular case, is to do with the issue of businesses. It has come to be seen that businesses indeed make it possible for many individuals to find a way through which they can get some income on a personal level. For the purpose of understanding the issue, the city of...
4 Pages(1000 words)Essay
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 European Economic Community for FREE!

Contact Us