Throughout the development of the European Union, many political thinkers tried to give their interpretation of EU, to theorize its essence to give a clear picture and show the path that EU is most likely to take in future. Those have organized themselves in several schools of thought, out of which there are two dominant ones- intergovernmentalism and neo-functionalism. The former was first mentioned by Stanley Hoffmann- professor of Harvard University and then picked up by others. The latter. Although European integration has primarily come about through the European Union and its policies, the idea of a united Europe can be traced back to Ancient Greece. The myth is about a Phoenician princess, Europa after which the continent was named , who has a dream where she was called to by an unknown land telling her, she belongs to it Greekmythology.
European Integration And The European Union Essay
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On the 9 th day of May , the then French Robert Schuman released a proposed vision meant to set Europe to be united and set the path for what became the European Union Wyles, par. His vision made it clear that preservation of peace was extremely needed by the European countries in order to ensure sustainability and economic growth of the member states. Bearing this in mind, it is therefore imperative that European Union members remain united and work together to enhance their economic progress Wyles, par. The future of Europe is geared towards having a single bloc that shares common interest and therefore a common currency. Scholars believe that this will bring about a single, strong market which will increase the EU harmony thus giving the possibility of EU having a bright future.
Functionalism and Neo-functionalism In European Integration
For the institutional arrangements these are put in place in order for EU member states to establish sound fiscal policies and has been agreed upon by the member states. These are the institutional arrangements which are under the Articles of the Treaty of the Functioning of the European Union: prohibition of monetary financing, prohibition of privileged access to financial institutions, no-bail out clause, fiscal provisions to avoid excessive deficits and the Stability and Growth Pact. These institutional arrangements are put in place, so member states can achieve a balance budget and to strengthen the procedures for excessive deficits ECB, The Council also lays the term to lessen the excessive deficits which sometimes lead to the imposition of sanctions to the concerned member state ECB,
It was formed on January 1, on the basis of the Treaty of Rome signed in March by the countries like W. Starting with six member countries, its membership increased to nine when the United Kingdom, Denmark and Ireland joined it in Subsequently, Greece joined it in , followed by Spain and Portugal in On May 1, there was enlargement of European Union EU with the joining of 10 new member countries. With this the membership of EU has risen to