
The European union is simply the partnership between 27 countries mainly on political and economic matters.
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Member state of EU.
Candidate countries.
Other European countries.
List 0f members of the European union(year of entry).



























europa.eu(Accessed:2011)
CURRENCY
Advantages of being an EU member.
- As an EU member the cost of changing currencies will be eliminated for tourists or firms trading withing the Euro areas.
- Due to the common currency it will be easier to compare prices of commodities in different European countries.
Disadvantages of being an EU member.
- Due to the free movement of labour and capital, most skilled workers are likely to move to a more developed area to take advantage of the better benefits and wages, thereby leaving some particular area deserted and undeveloped.
- There will be difficulties in extending single currency given that their are large differences in their economies.
- Independence will be lost in many areas.