The European Union is by far the most important and most comprehensive regional economic integration agreement in the world. Nonetheless, the EU faces numerous challenges, in particular reaching consensus on economic, political, and governance issues. Is the EU a success or failure? Defend your answer (consider the current events/issues in EU affecting global business/trade). Solution European Union is the unification of 27 countries belonging to Europe and each country is required to have a government that is democratic and protects human rights. Every member country of the European Union should be prepared to be a part of administrative and judicial structures of the EU. Governance of the EU is challenging considering the number of participating countries. EU success or failure depends on every member country.

1. The European Union is by far the most important and most comprehensive regional economic
integration agreement in the world. Nonetheless, the EU faces numerous challenges, in particular
reaching consensus on economic, political, and governance issues.
Is the EU a success or failure? Defend your answer (consider the current events/issues in EU
affecting global business/trade).
Solution
European Union is the unification of 27 countries belonging to Europe and each country is
required to have a government that is democratic and protects human rights. Every member
country of the European Union should be prepared to be a part of administrative and judicial
structures of the EU.
Governance of the EU is challenging considering the number of participating countries. EU
success or failure depends on every member country