Political Science 2231E Lecture Notes - Lecture 12: Maastricht Treaty, Currency Union, Takers
8 Mar 2018
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Switzerland didn"t join (cid:271)e(cid:272)ause they follow a (cid:272)onsistent foreign poli(cid:272)y of neutrality. Norway didn"t join - richest country lots of intellectual potential, high standard of living. Turkey has tried to enter - negotiations have occurred but will not join any time partly because of how politically different it is from the rest of europe. Biggest economy in the world all together. Coal (energy) and steel (construction) - to help rebuild infrastructure. In order to change treaty, consensus is required among all members of european economic community. Countries had choice to abstain from adopting euro as currency. Led to significant strengthening of common institutions. Emphasis on human rights and introduced charter on human rights. For important decisions to be made, 55% have to vote in favour. Four countries voting against, they essentially have veto power - no matter their size/power. Brexit - britain cannot join eu in future if they try again, did not want to join in first place.
