HIST 140 Lecture Notes - Lecture 4: Maastricht Treaty, Yugoslav Wars, Customs Union
Document Summary
Late 40s and 50s european countries started to work together by integrating their trade and forming an economic community. Some countries tried to resist the european union (i. e. england) 12 countries became a part of the eec. Worked together politically as well: common values and standards, monetary units linked. Customs union allowing people to move countries. Eu admission criteria: geographical union, democratic government, market (capitalist) economy. Get the newly independent states caught up sweden, slovakia, czech republic . Wealth from eu leading countries going to the newly joined countries for reconstruction. No divide between east and west anymore. Greece vetoed them out due to past differences between them. Cyprus got in as greece backed them up. Common currency in europe: apart from some countries who did not want to give it up. Many wanted to shut nato down as it generates military spending. Parallel force to the united nations as it is more effective.