Trade Trade centers on the exchange of goods and/or services . Exchanges may take place between two parties (bilateral trade) or amongst more than two parties (multilateral trade). In its original form trade necessarily used barter and the exchange of goods and services and recognized equal value desirable to both parties.
Modern economy Modern traders generally negotiate through the use of a medium of exchange, i.e. money , and rarely through barter: as a result one can separate buying and earning from selling. The invention of money greatly simplified and promoted the development of trade.
Free Trade "Free markets and open trade are the best weapons against poverty, disease and tyranny," said President George W. Bush speaking about a pursuing a free trade agreement with all the countries of Central America at the World Affairs Council National Conference held at the Organization of American States in Wash., D. C., Jan. 16.
As of January 1, 2002, the euro is the official legal tender of twelve of the EU countries replacing their national currencies.
Humanitarian development In addition to the active participation of the EU member states, the European Union has been a permanent observer at the United Nations since the mid-1970s. Both organizations share common goals in encouraging international peace and humanitarian development.
International Peace The EU has joined the UN in a number of programs promoting international peace and security; developing stronger relations among nations; and cooperating in solving international, economic, social, cultural, human rights, trade, and humanitarian problems.
Common Agricultural Policy The Common Agricultural Policy ( CAP ) is a system of European Union agricultural subsidies and programmes. It represents 62% of the EU's budget, €49.8 billion in 2006 .
EU labor rules For many of the EU candidate countries in eastern Europe, unemployment in agriculture is a significant problem.
Quick guide to EU Constitution <ul><li>It is a rule book setting out what the EU can and cannot do. </li></ul><ul><li>Lays down EU values & objectives. </li></ul><ul><li>Lays down deeper EU integration, of which some argue will turn the Union into a superstate. </li></ul>
Changes under the Constitution <ul><li>Full time president ( Force or figurehead?) instead of rotating every 6 months. </li></ul><ul><li>Reduced majority needed on decisions. </li></ul><ul><li>Re commits to foreign policy – believes in setting up a common defence policy with EU foreign minister. </li></ul><ul><li>National Parliaments can still object to EU laws, though they have no power to overturn them. </li></ul><ul><li>States can still opt in & out of initiatives. </li></ul><ul><li>States still have the right to veto over tax, defence & foreign policies. </li></ul><ul><li>Arguments are mainly over forming a United States of Europe. </li></ul>
Which of the following statements most accurately reflects public opinion in Europe toward a single currency? <ul><li>A) The majority of European nations did not favor the use of the Euro. </li></ul><ul><li>B) Countries of Eastern Europe had the highest percentage of support for the Euro. </li></ul><ul><li>C) In general the majority of countries in Europe had more people in favor of the Euro than against it. </li></ul><ul><li>D) The countries of far Northern Europe favored the use of a single currency. </li></ul>
Should the people understand what is happening with the EU? Why would Mommet be against it?