The European Union as we know it today, formed in the aftermath World War II. It began as a purely economic cooperative, with the main idea being that countries who trade with one another are economically interdependent and therefore would be more likely to avoid conflict. This joint venture was originally called the European Economic Community and included six countries: Belgium, Germany, France, Italy, Luxembourg and the Netherlands. Since that time the European Union has expanded to 27 countries and their focus has also expanded from purely economic to also include climate, health, agriculture, and migration, just to name a few. The European Union claims to have “delivered more than a half century of peace, stability, and prosperity, helped raise living standards and launched a single European currency: the Euro, that is used in more than 340 million EU citizens in 19 countries” (2020). However, recent headlines, such as Brexit, have left many wondering if the EU is still a worthwhile venture. Let’s take a look at the good and the bad of the European Union.
The claim that the EU has delivered peace definitely seems to pan out. During its long history, Europe has very regularly been engaged in conflict. “The past 50 years in Europe have been some of the most peaceful out of the last 1,000 years of history. There have been fewer wars fought on the continent than at any time since the reign of the Roman Empire” (Miller, 2019). Since the members work together toward the common good, it alleviates some tensions that may have previously led to internal conflict. The union also protects members against outside aggression because each member shares intelligence, resources and training which makes the collective more safe. In addition to safety and peace, the European Union created the single market which removed internal borders allowing citizens to live and work in any EU country, move money easily, and sell goods without restrictions. This has created more jobs and higher wages across the EU and has made it easier for people to travel. The economic benefits also reach to the rest of the world as well. Instead of countries attempting to negotiate with 27 separate countries, they are able to make one deal that affects all members which equates to a better deal for all involved.
There are many disadvantages to the European Union as well. While fewer conflicts between members of the union is definitely a good thing there has been a recent rise in nationalism and fascism within individual countries. There are many different cultures within the members of the EU as well as geographical differences that makes unity difficult at times, This disparity also rears its ugly head when we look at the economics of the EU. In order to participate in the Union, each member country must help fund the union. Obviously larger members have more potent financial capabilities which means they often pay more than smaller members. One of the reasons Britain voted to exit the EU was because of the amount they paid, stating that some years this would create a loss of $4 billion to their economy (Miller, 2019). FInally, the pandemic also seems to have placed a burden on one of the main principles of the European Union, free movement. How will individual economies, markets, business and people be able to integrate as long as a virus is wreaking havoc across its members? Can the single market withstand this lack of integration? The existence of the union may rely on heavily on the outcome of the pandemic.
References
Miller, K. (2019, June 11). 18 Advantages and Disadvantages of the European Union. FutureofWorking.com. https://futureofworking.com/11-advantages-and-disadvantages-of-the-european-union/.
Official website of the European Union. European Union. (2020, April 17). https://europa.eu/european-union/index_en.