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II, when the devastation and destruction of the war prompted leaders to seek
a new way of cooperating and promoting peace and prosperity on the
continent.
The first steps towards European integration were taken in 1951 with the
establishment of the European Coal and Steel Community (ECSC). This
organization, which included France, Germany, Italy, Belgium, the Netherlands,
and Luxembourg, aimed to integrate the coal and steel industries of its
member countries in order to promote economic growth and prevent future
conflicts. The success of the ECSC led to the creation of other institutions,
including the European Atomic Energy Community (Euratom) and the
European Economic Community (EEC), which was established by the Treaty of
Rome in 1957.
The EEC aimed to establish a common market among its member countries,
allowing for the free movement of goods, services, capital, and people. Over
the following decades, the EU expanded to include new member states,
develop new policies and institutions, and deepen its integration in a wide
range of areas.
One of the major challenges facing the EU in recent years has been the global
financial crisis of 2008 and its aftermath. The crisis, which began in the United
States and spread to Europe, exposed weaknesses in the EU's economic
governance and raised questions about the future of the euro currency. The
EU responded with a range of measures, including financial assistance to
struggling countries, efforts to strengthen economic governance and
regulatory frameworks, and the establishment of a banking union.