** European Union & its future prospects **

Part-1: A small historical background

Purpose Functions 1) Solidarity policies (a) Regional aid The funds earmarked for regional activities in the 2007 13 budget are targeted at three objectives. Convergence Regional competitiveness and employment European territorial cooperation The European Regional Development Fund (ERDF) European Social Fund (ESF)
(b) The common agricultural policy (CAP)

2) Innovation policies
(a) The environment and sustainable development (b) Technological innovation EU Budget (Major Characteristics)

Single Market

Economic and monetary union (EMU) and the euro

The history of monetary cooperation The European monetary system (EMS) From the EMS to EMU

A trade policy that is open to the world possibility of the pound being merged into the euro zone Recently, there was some trade tension with the U.S. and Europe wanting to impose a quota on Chinese textiles. How do you see this fierce competition or invasion by the Chinese of the European market?