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European Union Notes & Timeline Basics Supranational organization More economic than political 27 current members; expansion to 31 500 million; 31% of World’s GDP Cleavages Agricultural states vs. industrial/service states Rich vs. poor East vs. west Accomplishments Reduction in trade barriers Increase in travel & tourism Setting interest rates & fiscal policies Failure Agricultural subsidies Structure A. B. C. D. Commission-initiate & implement policies Council-approve Commission’s proposals ***Parliament-amend proposals Court of Justice-review Map Original 6: W. Germany, France, Italy, Netherlands, Belgium, Luxembourg No Interest: Norway, Switzerland 1950-Schuman Plan A. B. French minister Robert Schuman Coordinate coal & steel industries of W. Germany & France 1957-Treaty of Rome A. B. Establishes the EEC (European Economic Community) or Common Market Original 6 1965-EC (European Community) A. Go beyond economics (peaceful use of atomic energy) 1973-UK joins 1992-Maastricht Treaty A. B. European Union Monetary policy, citizenship, national security, environmental protection, justice 2002-Euro becomes common currency (17 of 27) 2004-European Constitution A. B. France & Netherlands reject UK fails to hold referendum 2017-UK referendum on EU & Euro