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The €uro In 1999, the euro area was established as a currency in eleven of the then fifteen EU Member States. Of the 27 EU Member States today, fifteen have adopted the euro. One of the striking benefits of a single European currency are low interest rates due to a high degree of price stability. The euro is as stable and credible as the best-performing currencies previously used in the euro area countries. € € € €
Candidate Countries Croatia Former Yugoslav Republic of Macedonia Turkey Potential Candidate Countries Albania Bosnia & Herzegovina Montenegro Serbia including Kosovo under UN Security Council Resolution 1244
Inspired reforms and consolidated common principles of liberty, democracy, respect for human rights, fundamental freedoms, the rule of law, and market economy.
Enhanced the EU’s weight in the world and made it a stronger and more attractive international partner.
“ Enlargement has been a success story for the European Union and Europe as a whole. It has helped to overcome the division of Europe and contributed to peace and stability throughout the continent.” European Council Declaration Dec. 15, 2006 1957 2007 Member States 6 27 Population 174 million 493 million Languages 4 23
The EU is a global player. Its soft power promotes stability, prosperity, democracy and human rights, delivers concrete results in the fight to eradicate poverty, and in achieving sustainable development. UN Secretary General Ban Ki-moon , High Representative for the Common Foreign and Security Policy Javier Solana , and EU Commissioner Benita Ferrero-Waldner The EU in the World
A leader in global efforts to protect the environment, maintaining rigorous and comprehensive systems at home.
Plays a key role in developing and implementing international agreements, such as the Kyoto Protocol on Climate Change.
Executing a “cap and trade” system to reduce greenhouse gas emissions
Takes the lead in the fight against global warming with the adoption of binding energy targets (cutting 20% of the EU’s greenhouse gas emissions by 2020).
Addressing Global Challenges Source: German Information Center USA
The European Union and the United States “ Our strong friendship is essential to peace and prosperity around the globe. No temporary debate, to passing disagreement among nations, no power on earth, will ever divide us.” President George W. Bush “ The relationship between the United States and Europe is the world’s strongest, most comprehensive, and strategically important partnership. The United States, and a united Europe – this is really the indispensable partnership.” President of the European Commission José Manuel Barroso
EU and U.S. face common challenges that are global in origin and impact. With global challenges, come global responsibilities.
EU and U.S., with our shared values and common interests, are natural partners to give a lead in four key areas:
Promote peace, human rights and democracy worldwide.
Confront global challenges, including security and non-proliferation.
Foster prosperity and opportunity.
Advance strategic cooperation on energy security, climate change and sustainable development.
“ Since no single nation can efficiently and effectively deal with global challenges such as climate change, counterterrorism, non-proliferation, pandemics and natural disasters on its own, we commit ourselves to strengthening our cooperation to address these challenges.” EU-U.S. Summit Declaration Vienna, July 2006