Essay on Eastern Europe preparing their property markets for EU membership
The establishment of the European Union came about as a result of the Region’s recognition that the devastation of the Second World War called for the unification of Europe. The foregoing came into being as a result of the Schumann Declaration that became the basis for the creation of the EU. (Wikipedia, 2005). Originally known as the European Economic Community, or EEC, the European Union began as a customs union that was founded on its ability to move goods and services as well as capital and people. In 1957 The Treaty of Rome established the European Community that evolved into the European Union. The significance of the foregoing is that this organization, which is also referred to as Fortress Europe and once termed by Winston Churchill as the ‘United States of Europe’ in 1946 (Wikipedia, 2005) began its life as a commercial association. The significance of this brief historical context serves to provide an understanding of the policies that have resulted in the European Union growing from its initial six member nations of Germany, France, Belgium, Italy, the Netherlands and Luxembourg into the present twenty-five member organization that has established a seamless borderless region for commerce.
This growth has been as a result of the European Union’s success in crafting policies that have not only strengthened social and human equality areas, but also more importantly economic progress. The recent incorporation of ten new member nations into the EU in May of 2004 (Wikipedia, 2005) was the largest one time increase in membership adding Cyprus, Estonia, Hungary, the Czech republic, Lithuania, Latvia, Malta, Slovakia, Poland and Slovenia to the existing organization of six original members and Denmark, Ireland, the United Kingdom, Greece, Spain, Portugal, Austria, Finland and Sweden. The ten nation enlargement of 2004 brought the EU’s nation count to twenty-five, representing…
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Tags: Bulgaria, EEC, Estonia, EU, Poland, Property, property markets, Slovakia
