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By Jumer Palacio, BSAT-II War. As of 1950, the European Coal and Steel
Community begins to unite European countries
“Promote peace, its values and the well-being economically and politically in order to secure lasting
of its citizens; also offer freedom, security and justice peace. The six founding countries are Belgium,
without internal borders…” France, Germany, Italy, Luxembourg and the
Netherlands. The 1950s are dominated by a cold war
These are some of the goals of the European between east and west. Protests in Hungary against
Union on which also wanted to combat social the Communist regime are put down by Soviet tanks
exclusion and discrimination, promote scientific and in 1956. In 1957, the Treaty of Rome creates the
technological progress, enhance economic, social and European Economic Community (EEC), or ‘Common
territorial cohesion and solidarity among EU Market’.
countries, respect its rich cultural and linguistic
diversity and establish an economic and monetary From then, series of developments have been
union whose currency is the euro. provided while facing multiple challenges
economically, financially and politically among the
European Union also has values on which it is internal faction of the European Union. With 70 years
an integral part of having European way of life in in existence, EU strived for Economic growth from
which inclusion, tolerance, justice, solidarity and non- which they have enlarged the trade and agricultural
discrimination prevail. These values are linked to the capabilities of each member from which they
human dignity, freedom, democracy, equality, rule of associated and created the “Single Market”.
law and human rights.
The people involved which also recognized as
But what is European Union actually, and the Founding Fathers of EU are Konrad Adenauer,
how does it give its members sustainable Joseph Bech, Johan Beyen, Winston Churchill, Alcide
development based on balanced economic growth de Gasperi, Walter Hallstein, Sicco Mansholt, Jean
and price stability by which highly competitive Monnet, Robert Schuman, Paul-Henri Spaak and
market economy with full employment and social Altiero Spinelli. They all take part in the
progress is provided? developments and the expansion of the EU.
The Euro
The euro is the most tangible proof of
European integration – the common currency in 19
out of 28 EU countries and used by some 338.6
million people every day. The benefits of the common
currency are immediately obvious to anyone
travelling abroad or shopping online on websites
based in another EU country.