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The European Union - Coggle Diagram

- - - - The EU has brought more than half a century of peace, stability, and prosperity to Europe, as well as assisting in the rise in living standards and the introduction of a single European currency, the euro. It is now the currency of almost 340 million EU inhabitants in 19 nations, who benefit from its advantages.
      - The 4 freedoms of the EU are:
        
        The free movement of goods The free movement of capital The freedom to establish and provide services
- - - - No tariffs and free trade within Union
      - Creates a sense of unity
      - Stops richer nations such as Germany, France controlling less wealthy nations
      - Common currency reducing currency exchange fluctuation
      - EU opened up job opportunities
      - No conflict between affiliate nations
      - Laws are imposed by European committee and parliament
      - Regional growth funds encourage education of people
      - EU central bank tracks interest rates
  - - - EU can throw out leaders
      - difficult to withdraw from EU
      - Member countries have less say in what is bought/sold within borders
      - edge of Europe isn't defined - countries such as Morocco want to join
      - members are restricted by regulations - outside countries are abe to influence other nations
      - reduces/limits power and responsibility of a nations (have less control)
      - No common language - makes communication harder
      - meeting regulations/ necessities is difficult for some nations (Iceland - fishing trade)
- - - - Source