The recent Lisbon treaty paves the way for the formation of European federation. It calls for the establishment of a post of European president who will represent national leaders in major international negotiations. It has established norms under which the European parliament and its central bank will have final say on certain issues. It will ultimately lead to the formation of a single entity which will be a heavyweight in international arena.
Sunday, November 1, 2009
Europe: on its way to become a federation..!
Europe forms the western part of the Eurasian landmass and its separated from Asia by Urals mountains. It has been undergoing massive political transformation in recent times. The formation of European union was a significant milestone in this regard. It has established Europe on the same league as nations like US , china and Russia. Europe no longer wants to be seen as a cluster of countries involved in political rivalry. It had become necessary to project this image to tackle the hegemony of the US and its continued interference in Europe's internal affairs. Its trying to prepare itself to face competition from emerging countries like china and india. The adoption of euro ,as a single currency, of most of the EU members has given Europe a big say in international economic issues.
Subscribe to:
Post Comments (Atom)
India needs to aggressively invest in AI
Currently, it appears that the US and China are sort of dominating the AI race with frequent release of AI models such as those from Anthrop...
-
There has been long debates about the efficiency of markets. The markets ensure proper allocation of resources through signals like prices....
-
The economic character of the world community has become increasingly capitalistic in recent decades whereby markets rather than governments...
-
There has been a debate in recent times to form an Asian Union with a single currency . The initiative was taken by japan with the intenti...
No comments:
Post a Comment