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How Does Power Affect International Relation
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The European Union is a membership formed to to create an alliance among the countries in Europe. The government in the EU only controls things such as trade, education, farming, and industry. Other than that, the twenty-six countries involved in the EU are free to do what they want. Members of the EU, like Germany and Poland, rank higher on a GDP scale than the other countries, like Greece. The question being asked is: should the rankings be ignored with all countries obtaining the same power, or should more economically stable countries hold more power than those that are lower than them? After observing many sources and data, it is noticed that not all countries in the European Union should be created equally; a country will not want …show more content…
Source B in supporting question three displays GDP growth over five years. Many countries have grown, and other countries have been decreasing on this scale. Those that have had increasing growth rates should hold power over those on the opposite end of the scale. The power in other countries will benefit the poorer countries. If all countries hold the same level of power, the end result would not be fair. The results could cause problems in the EU based on if all the countries want to still be in the membership. Smaller countries do not benefit the bigger countries nor do they receive the same support. This is displayed in supporting question four’s article pertaining to Greece. The author writes “Germany has loaned Greece more money than any other country. It does not want to forgive Greece’s debt...After world war II, Germany got help with its debt from its former enemies. Who helped Germany then? Greece” (Associated Press). Germany was given support because it is one of the powerhouses in Germany economically, but Greece’s debt is not being forgiven because Greece is a tiny country that not many think about. It seems that the European Union gives more power to the bigger, more well-known,
The European Union has been helped economically ever since World War II. Right after World War II’s end, Europe was struggling to hold on. The countries of the modern-day European Union thought it would be a good idea to come together and help each others struggling economy. To this day, this decision has had a very positive outcome on the EU’s economy. As shown in Diagram 1, the European Union combined together has the world’s highest GDP at 18.3 Trillion USD as compared to the United States’ 17.4 Trillion USD GDP and China’s 10.4 Trillion USD GDP. The idea
With a high GDP of 547 billion dollars, Poland needed help. Fortunately, said in Document C, Germany helped Poland in many ways. Now, in the past two decades, Poland reached 62% of the level of the comfortable a country at the core of Europe(Document C). To conclude, if you join the EU in any conditions, your GDP may grow to a higher rank, but with challenging circumstances to
The European Union has a common “government” called the Parliament. In the background essay it stated, “The role of the parliament is to debate and pass laws, make sure all EU institutions work democratically, and debate, and adopt the EU budget”. This means that the parliament has control over the laws, and controls the European Union budget. In Document B it mentions, “Whatever institution governs the trade of a nation or group of nations whether monarchy, dictator or parliament- essentially rules that nation”. This means that the parliament has control over the European Union. Most of the time countries
The Greek economy has seen a large collapse following the recent worldwide recession. The European Union has expressed concerns for the impact that Greece’s economic collapse will negatively affect other member nations. Greece and the European Union are working to reduce the Greek deficit and to contain the economic crisis to Greece.
Peterson, J. and Shackleton, M. 2002. The institutions of the European Union. Oxford: Oxford University Press.
The EU is a union of sovereign European states who share sovereignty based on treaty. The union also possesses competences in policy sectors with exclusive jurisdiction in the area of Economic and Monetary Union while others are shared with Member States (MS), the other powers belong to MS as derived from the conferral of powers art 5(2) TEU, 2(1) TFEU art.3 & 4 TFEU additionally other powers have been offered by the decisions of the European Court for direct effect on citizens
I will firstly look at each one individually and how it is organised then analyse its powers and responsibilities before comparing them and drawing up my conclusions. However I would like to note that there are many different interpretations and parameters of ‘powerful’ which make it difficult to answer the question. The EU was established in 1992 by the Maastricht Treaty. It comprises what are known as three ‘pillars’.
Europe will not run the 21st century because of a combination of economic, institutional, and cultural factors. However, for the purpose of this paper, I will focus on the economic aspects of European society that will impede EU ascendency. I do not believe that the EU will cease to exist in the coming century, but I do believe it will become obsolete because it will be unable to make the necessary changes to their demographic problems, defense policies, and economic culture in response to the increasing American ascendency. Europe has long been known as the continent home to the great powers of the world. From Caesar to Napoleon to the British Empire, the European empires have continuously been at the helm of the ship of progress. The wars of the 20th century however, left Europe in a wake of destruction and chaos period before. The continent was devastated and had little hope to recover. In this new era of European descent, the great American Era came into existence. The US, one of the remaining superpowers, became the helping hand that Europe needed. With the aid allocated by the Marshall Plan and the creation of programs and institutions, Europe had a future. The creation of the European Union (EU) united the European countries over the common goal of preventing war another war. The United States intended for these programs to be a stepping-stone to build the economic and institutional powers of Europe, because a stronger Europe was good for the US. However, instead of using these as a springboard to create self-reliant union, the EU remains reliant on US military and hard power to support them their social efforts.
Historically, financial crises have been followed by a wave of governments defaulting on their debt obligations. The global economic history has experienced sovereign debt crisis such as in Latin America during the 80s, in Russia at the end of the 90s and in Argentina in the beginning of the 00s. The European debt crisis is the most significant of its kind that the economic world was seen started from 2010. Financial crises tend to lead to, or exacerbate, sharp economic downturns, low government revenues, widening government deficits, and high levels of debt, pushing many governments into default. Greece is currently facing such a sovereign debt crisis and Europe’s most indebted country despite its surplus in the early 2000s. Greece accumulated high levels of debt during the decade before the crisis, when the capital markets were highly liquid. As the crisis has unfolded, and capital markets have become more illiquid, Greece may no longer be able to roll over its maturing debt obligations. Investment by both the private and the public sectors has ground to a halt. Public sector debt has increased substantially as the state had to rely on official assistance to payroll expenses, fiscal deficit and fund social payments.
European identity, meaning unification or integration of Europe, is associated with the European Union (EU). The EU includes 28 member countries, more than half the European countries have already joined the EU for years and thus the EU unifies Europe. The Eurozone crisis is an ongoing crisis that has been affecting the countries of the Eurozone since early 2009, when a group of 10 central and eastern European banks asked for a bailout. Consequently. The crisis has made it extremely difficult for countries such as Greece to refinance their government debt without the aid of third party such as the European Central Bank (ECB) or the International Monetary Fund. Many may argue that the Eurozone crisis is over. In fact if the Eurozone crisis was really over, then Greece wouldn’t still be requesting for aid as Figure 3 shows increasing debt from 2009 onwards or Spain’s unemployment rate wouldn’t stop rising as Figure 2 shows. Consequently, economic growths have been slow and the sovereign debts have accumulated, making the Eurozone crisis is far from over until economic growth and unemployment is stabilized.
Every year there is a ‘league table‘ published showing the level of economic growth achieved by each country. The comparison is made using each countries Gross Domestic Product, or GDP. An important factor to look at is the difference between actual and potential economic growth. Actual economic growth increases in real GDP. This increase can occur as result of using previously unemployed resources, or reallocating resources into more productive areas or improving existing resources. Whereas potential economic growth is the productive capacity of the economy. For example, it can be shown by the predicted ability of the country to produce goods and services. This changes when there is an increase in the quantity or quality of the resources. All countries have different ways of achieving this with the resources they have available to them. For this reason it party answers the question of why some countries are richer than others. It is widely thought that the productive capacity of an economy will increase each year largely due to improvements in education and technology. This will obviously differ from country to country. For example, in the UK the quality of fertilizer could be improved, hence forth increase the years fruit and vegetable output.
The Greek crisis is a result of an accumulation of dire policy mistakes. It all began when the previous Greek governments decided not to reveal their debts and deficits in order to fulfill the necessary requirements for the membership of the Eurozone. Furthermore, the government consisted of mass tax evasion as well as corruption. In 2009, the newly elected Greek government decided to expose the real debt and deficits’ figures, which brought much speculative waves regarding the economy. At the moment (since 2010) a number of organizations and countries are providing the Greek state with assistance in regards to alleviating their government debt. International organizations, such as the International Monetary Fund and the European Governing body, the European Union, are undergoing a set of policies designed to assist Greece in its debt crisis. One of the main supporters of the Greek economy is German...
Financial Crisis Greece’s Financial crisis began in 2009 and still is an ongoing struggle, some say the debt Greece has accumulated over the years is so high that it is unattainable. The factors that contribute the massive debt accumulated by Greece are the recession as well as the actions of the Greek government, such as their spending habits. According to the Dogs of Democracy study guide, “Its economic growth remains slow, and unemployment and poverty are high.”, which explains
Mulle, E.D., Wedekind, G., Depoorter, I., Sattich, T., & Maltby, T. 2013. ‘EU Enlargement: Lessons from, and prospects for’. IES Working Paper 3. Pp 8-39.
NEGATIVE IMPACTS OF BREAKUP OF EURO ZONE When Greece was in doubt whether to leave the Eurozone or not, then every other nation in the world was tensed. But what was the reason behind this? It was obvious. Eurozone is one of the world’s largest economic zones. Exit of Greece could have meant the breaking up of this zone.