Maa Ki Aankhh
INTERNATIONAL MANAGEMENT
BM6912
“Critically evaluate the roles of the main EU institutions (Council, Commission and Parliament) in the management of the continuing economic/financial crisis”
Submitted by :-
Sabya Sachi Shivam
1716201
Research Methodology
The purpose of this study is to examine the extent of European crisis, its causes and consequences and what are important steps taken by the EU and Irish institution for the management of crisis. The important sections touched in this report are history of EU and Euro, the crisis, role of EU institutions in the crisis management and recommendation.
Intensive research has been done on this report and data collected for this report has been done from journals, library source, newspapers, articles and websites.
European Union and Euro Zone
History
1945-59
The main aim for setting up of an European union was to end the frequent wars between the neighbouring countries. In 1950’s the European businesses such as European coal and steel community started to unite the countries on economic and political context for securing peace. There were six founding member states namely Belgium, France, Germany, Italy, Luxembourg and Netherlands. The 1950’s were dominated by some cold wars between east and west and protests in Hungary. Also in 1957 the treaty of Rome was signed which created the European Economic Community or ‘Common Market’.
1960-79
It was known as the period of economic growth and ‘Youth culture’, EU countries stopped charging custom duties while trading between each other’s, they also agreed over food production. Ireland, Denmark, United Kingdom joined EU on 1st January 1973 and thus the number of states were nine now. But the Arab-Israeli war of 1973 created Economic problems and energy crisis in Europe. After the end of dictatorship in Europe with the end of Salazar regime in Portugal in 1974 and death of general Franco of Spain in 1975 steps were taken to create jobs and
BM6912
“Critically evaluate the roles of the main EU institutions (Council, Commission and Parliament) in the management of the continuing economic/financial crisis”
Submitted by :-
Sabya Sachi Shivam
1716201
Research Methodology
The purpose of this study is to examine the extent of European crisis, its causes and consequences and what are important steps taken by the EU and Irish institution for the management of crisis. The important sections touched in this report are history of EU and Euro, the crisis, role of EU institutions in the crisis management and recommendation.
Intensive research has been done on this report and data collected for this report has been done from journals, library source, newspapers, articles and websites.
European Union and Euro Zone
History
1945-59
The main aim for setting up of an European union was to end the frequent wars between the neighbouring countries. In 1950’s the European businesses such as European coal and steel community started to unite the countries on economic and political context for securing peace. There were six founding member states namely Belgium, France, Germany, Italy, Luxembourg and Netherlands. The 1950’s were dominated by some cold wars between east and west and protests in Hungary. Also in 1957 the treaty of Rome was signed which created the European Economic Community or ‘Common Market’.
1960-79
It was known as the period of economic growth and ‘Youth culture’, EU countries stopped charging custom duties while trading between each other’s, they also agreed over food production. Ireland, Denmark, United Kingdom joined EU on 1st January 1973 and thus the number of states were nine now. But the Arab-Israeli war of 1973 created Economic problems and energy crisis in Europe. After the end of dictatorship in Europe with the end of Salazar regime in Portugal in 1974 and death of general Franco of Spain in 1975 steps were taken to create jobs and
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