Advantages and disadvatages of being a member of the European union.

    European union flag. 24plusnews.co.uk(Accessed:2011)
The European union is simply the partnership between 27 countries mainly on political and economic matters.


                                                                           MAP

                                Member state of EU.
                                Candidate countries.
                                Other European countries.

List 0f members of the European union(year of entry).
Austria(1995                                                                 
Belguim (1952)
Bulgaria (2007)
Cyprus (2004)
Czech Rebublic (2004)
Denmark (1973)
Estonia (2004)
Finland (1995)
France (1952)
Germany (1952)
Greece (1981)
Hungary (2004)
Ireland (1973)
Italy (1952)
Lativia (2004)
Lithuania (2004)
Luxembourg (1952)
Malta (2004)
Netherlands (1952)
Poland (2004)
Portugal (1985)
Romania (2007)
Solvekia (2004)
Solvenia (2004)
Spain (1986)
Sweden (1995)
United Kingdom (1973)
                                                 europa.eu(Accessed:2011)

                                    CURRENCY

The European union have their own currency which is accepted in all the EU countries.The currenccy is known as EURO.








    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.

                                                 economicshelp.org(Accessed:2011)