European Union (different policies) Essay Example | Topics and Well Written Essays - 1500 words

European Union (different policies) - Essay Example The European Council have agreed to extend the EU scope to countries in the South and East Europe including Croatia, Albania, Bosnia and Herzegovina, Serbia, Kosovo and Turkey (European Commission). These candidates are then given financial assistance "so they can introduce the necessary political, economic and institutional reforms in line with the EU standard" (European Commission). It provides for economic reform leading to economic growth and better employment prospects (European Commission). One of the necessary tracks for the regional enlargement is the Economic and Monetary Union (EMU). This is particularly done by having one currency which is the Euro. The adoption of the Euro is the culmination of the three stages of economic policy (Wikimedia Foundation, Inc.). But prior to adopting the Euro, "a member state has to have its currency in the European Exchange Rate Mechanism (ERM II) for two years" (Wikimedia Foundation, Inc.). So far, sixteen of the members have adopted the Euro. Only the United Kingdom, Denmark and Sweden have not accepted the third stage and they still use their own currency. To pursue a sustainable growth in agriculture, the EU adopted a fundamental reform of the Common Agricultural Policy (CAP). "The new CAP will be geared towards consumers and taxpayers, while giving EU farmers the freedom to produce what the market wants" (European Commission). This will create a 'single farm payments' "which will be linked to the respect of environmental, food safety and animal welfare standards" (European Commission). To give much authority to the Member state to oversee production, they "may choose to maintain a limited link between subsidy and production under well defined conditions and within clear limits" (European Commission). The Europan union has high dreams of economic prosperity among its members, being the largest regional economy in the world. The question however is what would happen to the diaparity betweena nd among the Member States. There are two opposing theories to look at: the convergence theory which predicts that countries will even out in the future and the cumulative causation which will exacerbate divergence and economic differences. With the way the EU supports its members, we see that convergence is more likely to happen, especially that the poorer countries are given the chance to strengthen their economy before finally doing direct trade and contact with other Member States. This necessary preparation for all EU members is what differentiates the European Union from other regional economic group. Envioronmental Policy The European Union believes that "the environment is essential for the quality of life of current and future generations" (SCADPlus). "The EU's priorities are combating climate change, protecting biodiversity, reducing the impact of pollution on health and better use of natural resources" (SCADPlus). Since climate change poses great danger to the entire region, the EU has formulated policies in combating them. Starting from the European Climate Change Program, "the European Union has come up with realistic climate change strategies advocating practical action to prevent temperatures from increasing to