Abstract
After World War Two, the European countries decided to be closer in order to stop war and settle the peace in all of Europe. It was the beginning of what would become the European Union as we know it today.
Some important dates to remember:
• 1957: Treaty of Rome
• 1982: Treaty of Maastricht
• 1986: The single act
• 1997: Treaty of Amsterdam
• 2001: Treaty of Nice
At each stage The European Union has got larger, that is to say more and more countries have signed up and go deeper involved. The fact that The European Union gets larger means that the institutions of The European Union have multiplied and that the European authority is more and more present in the European countries.
The development of a lot of European institutions have created many debates. Indeed each time there is a new institution there is a transfer of competences from the states to the European power, so each European countries should be ready to lose a lot of power in favor of the development of the European Union.
The problem is that imposing the same rules on countries which are very different, to make them closer from an economic point of view, can create some friction between nations.
For these reasons we have decided to ask about the efficiency of the monetary measures:
From a monetary point of view, must we strive to make each country of The European Union a like?
In the first part we see the general principles of the European Monetary Union as imposed by the European Central Bank. After that we should study the aims of the European Union. And finally we should expose the problems that the European Union meets today.
