Name: Babar Ali and Hanook Hayat

Subject: I.R(International Relations)

Class: BS ACC& FIN
Submitted to: MR. AKBAR SAEED

‘’FALL AND RISE OF EUROPEAN UNION’’

INTRODUCTION:
The European Union (EU) is a political and economic union of 28 member states that are in
Europe. The medium of exchange between these countries are Euro. They have single visa
System.

POLITICAL AND ECONOMIC FIRM:

The European Union (EU) is a political and economic union, consisting of 28 member states
that are united. Every member of the state which are at high rank in their own states can make
changes in laws within the common legislative and judicial institutions. That policies includes
different prospects and aspects , which are defense, economy factors, ammendment in
policies, and trade which is the most building factor for the Europe .

HISTORY:
The European Union (EU) was created by the Maastricht Treaty on Nov. 1, 1993. The policies
and laws set by the European parliament. Economies, societies, laws, and, to some extent,
security. The EU is an overblown bureaucracy that drains money and compromises the power
of sovereign states. For others, the unity is the best way to handle the struggle and keep the
nations stable it’s unlike the smaller and weaker countries.—such as economic growth and
negotiations with larger nations. Beside all that, opposition remains strong, but states
have acted pragmatically, at times, to sustain the union.
WHY IT WAS MADE?
The European Union is set up with the aim of ending the frequent and bloody wars between
neighbors, which happened in the 2nd world war that causes too much distructions and
unstability in the world . As of 1950, the unity between European countries are economically
and politically in order to secure lasting peace. Because of their economy of the states were
low and unstable, that caused in poverty and other factors that made them united.

These countries in EU are:

Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
United Kingdom

RISE AND FALL OF EUROPEAN UNION:

The world's most complex democratic interdependent states took shape 60 years ago in the
shadow of the world's greatest and ugliest war. Yet as the EU turns 60, just how much of that
success is due to the EU's existence and the directives and regulations fashioned in Brussels
and adjudicated in Luxembourg is still a matter of fierce debate.

1957: The big bang:

The original Six Nations of Germany, France, Italy, Netherlands, Belgium and Luxembourg
refashion their coal and steel community into a customs union and the beginnings of a
common market based on free movement of capital and goods. They do this via two Treaties
of Rome, which establish the European Economic Community (EEC) and the European Atomic
Energy Community (EURATOM). There are plenty of Founding Fathers, but no Founding
Mothers.

1958: Birth of EU jargon

The Committee of Permanent Representatives (COREPER) is established. This is the beginning
of six decades. Citizens everywhere, to the extent that they ever pay attention,
are flummoxed. From semesters to EU laws, the citizens of Brussels now stumble, through
such sentences as this: “The new MPCC for CSDP will be there in the EUMS.” Fonctionnaires
get simply a 40 percent tax cut to make up for this hardship.

1960s: Face-off on free trade

Throughout the 1960s EFTA exists as a viable (and more worldly) rival to the new European
community, and with more members: Austria, Britain, Denmark, Finland, Norway, Portugal,
Sweden and Switzerland. Its lower and looser ambitions hold back the growth of the European
Economic Community that will later become the European Union

1965-66: De Gaulle’s empty chair

Extenstion of fifty years over the Common Agricultural market , sovereignty, Brussels-driven
taxation and the use of majority voting in the European Council enhanced for the first time in
1965 when a petulant Charles de Gaulle withdrew his permanent representative to the EEC
and heavy trade away from summits until he got his way. The Great National silence is now
firmly established as a European diplomatic ploy.
1973: Plus three, minus one:
in Arctic conditions loss and won won situation was, the Norwegians betrayed the euro clan in
a submission on enrollment. Decades before Tinder was created, the Norwegians swiped left
on the EEC's profile before they'd even gotten an opportunity to become more acquainted
with one another. It would be a very long time before a second date occurred. The United
Kingdom, Ireland and Denmark had no such dread (conceivably on the grounds that the U.K.
skirted the troublesome submission part), and bounced straight into bed with the playful EEC..

1979: Cherchez la Femme

Auschwitz survivor Simone Veil turns into the pioneer of the principal chose European
Parliament, and Margaret Thatcher takes over as U.K. leaders. It will be one more decade
before anyone assumes to dole out a female European justice, another two going before
there is a second female Parliament president, and three decades before Cathy Ashton and
Catherine Day become the EU's principle agent and the Commission's top government
representative, independently. There has never been a female Commission or Council
President.

1989: Fall of the Berlin Wall

The emotional minute ushers in another period for Europe, in which East and West merge. Not
only that, it leads to the reunification of Germany and reignites the debate over how the rest
of Europe can keep Germany — now the Gulliver in Lilliput — pinned to the ground. The
arrangements will be the euro, as much a shackling gadget as it is a cash.

1994: Sachertorte and Goulash

Seventy-five years after Austria lost a domain, it is accepted into the EU. Having come to the
party far too late, Vienna’s grand state buildings can’t be put to EU use, and the Union is stuck
with dreary Strasbourg and Luxembourg as its “homes” outside Brussels. The other wing of
the previous Austro-Hungarian domain — turns into the main previous Soviet satellite to apply
for participation.

1995: Jeux Sans Frontières

The Schengen Accord goes into power. No more border checks! No more hassle! Europe will
live life in the borderless VIP lane. While the EU captures the popular imagination with this
step forward, it's a disgrace nobody stops to make a coast watch, or a bound together
programming framework to screen those going back and forth in the Continent's without visa
travel zone.

2016: Does Brexit hex it?

The U.K. votes to leave an association it never completely grasped, setting off an existential
emergency among the alliance's 27-part backside.. Britain’s vote comes to symbolize a strain
of nationalist populism that imperils the Union ahead of a string of national elections.
Commission. Brexit is a contraction for "English exit," alluding to the U.K's. choice in a June 23,
2016 choice to leave the European Union (EU). The vote's outcome challenged desires and

bothered worldwide markets, making the British pound tumble to its most minimal dimension
against the dollar in 30 years. Previous Prime Minister David Cameron, who called the
submission and crusaded for Britain to stay in the EU, reported his renunciation the next day.
Home Secretary Theresa May supplanted him as pioneer of the Conservative party and as
Prime Minister. Following a snap race on June 8, 2017, she stays Prime Minister. The
Conservatives lost their inside and out dominant part in Parliament, however, and with it –
May's pundits contend – a command for a "hard Brexit," in which Britain leaves the EU's single
market and traditions association. (The option is known as "delicate Brexit.")
THE CURRENT ONGOING AND FUTURE PROSPECTS AND CHALLENGES:
The European Union (EU) is a special association in which part states have pooled sway in
certain strategy regions and orchestrated laws on a wide scope of monetary and political
issues. The EU is the most recent stage in a procedure of European joining started after World
War II, at first by six Western European nations, to advance harmony, security, and monetary
improvement. The EU as of now comprises of 28 part states, including the vast majority of the
some time ago socialist nations of Central and Eastern Europe. The EU is to a great extent seen
as a foundation of European steadiness and success. For a significant part of the most recent
decade, in any case, numerous EU nations have confronted extensive financial troubles.
Regardless of an improved monetary circumstance in the EU since 2017, financial weights and
societal changes have added to the ascent of populist and mutinous ideological groups,
probably some of which harbor hostile to EU or "euroskeptic" slants. Such patterns have
confounded the EU's capacity to manage numerous inside and outer difficulties. Among the
most noticeable difficulties are the pending takeoff of the United Kingdom (UK) from the EU
("Brexit"); .popular government and principle of-law worries in Poland, Hungary, and other EU
individuals; .relocation and related societal mix concerns; a resurgent Russia; and an uplifted
fear mongering danger.