Political evolution in the Europe
Introduction
The European Union as we know it today has gone through multiple processes and changes to unite so many countries to cooperate and collaborate within Europe and present itself as a common entity. So to achieve a greater understanding of the importance it has in the evolution of the economy nationwide and global, throughout this section we will develop as was the process of integration and market cohesion, as well as the importance of theEuropean Central Bank within this unique economic space. In addition, we will capture its structure, objectives and functions on which the operation of this institution is based.
Developing
The progressive creation of a monetary union has been a gradual process begun by the interest of a few countries to achieve greater competitiveness in a united form than separately in front of the rest of the countries.
Throughout this process, which has lasted several decades, new institutions have been established, a common currency and a series of instruments to lead a coordinated monetary policy of member countries. For this, it was necessary that the countries that would like to participate had that, in addition to collaborating with each other, to yield part of their autonomy of decision in various aspects such as the decision of their monetary policies by modifying the interest rates of their respective currencies.
As for the long process of integration towards the UME, as we know it today, it can be considered that it has crossed several phases differences, which are the following:
The origin of the UME could be pointed out during this period, since several of the treaties that would mean the first samples and approach to a common and favorable market for all its members were signed. In 1951, six Western German, Belgium, Holland, France, Italy and Luxembourg -.
conclusion
But it will not be until 1957, when the treaties of Rome will be signed, entering into force the following year. The first constitutive treaty will be that of the European Economic Community (CEE), considering it the beginning of the Monetary Union: the community will have as a mission to promote, by establishing a common market and an economic and monetary union a harmonious, balanced and balanced developmentSustainable of economic activities in the community as a whole and the second of the treaties would result in the European Atomic Energy Community (EUratom).
But it will be in 1969, at the Hague Summit in which a group chaired by Pierre Werner, Luxembourg Prime Minister, is formed in which the community of own resources will be provided with the aim of being able to create a single European market, with the elimination of barriers for free circulation. This first project will be presented in 1970, known as the Werner Plan, in which the achievement of the UME will be through a gradual 3 -phase process over 10 years.
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