The European Union: What Might The Future Hold?

Abstract

Some extraordinary events have been taking place in the European Union in recent years.  This group of countries has introduced a new currency, has expanded to a 25 member country single market, and is in the process of implementing a European Union constitution.  Because these events will have an impact on the United States and on global business, it is important to monitor and evaluate activities of the EU.  This paper briefly reviews the development of the European Union, then discusses recent events and the implications of European Union activities for business, and looks at future possibilities for the EU.