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The Economic And Geopolitical Effects Of The European Union, Jacob S. Gordon

The Kabod

The European Union (EU) is one of the largest trade unions in the world and has a substantial impact on the global economic system. This paper discusses the creation of the EU, the establishment of the Euro as the dominant currency, and the diversity between the member nations, comparing their similarities and contrasting their differences. Organizations that influence and shape the European Union such as the World Trade Organization, the European Central Bank, and the International Monetary Fund are also discussed. As an illustration of this influence, Greece’s declining economy is examined. A brief outline of the migrant crisis that …