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The European Union is a trade alliance and therefore does not have an economy. Most of Europe has a mixed economy. This means the economy shares qualities from both socialistic and free market economies. For the record, the EU is an agreement between countries that allows goods to be traded without tariffs, quotas, or any other bueracratic red tape.
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Is the economy is high or low in Romania and what causes?
The Romanian economy is in decline; the cause is the destruction in order of EU.
What kind of economy does Belgium have?
The kind of economy that Belgium has is a mixed economy. This is a capitalist economy which has involvement of the government.
How is greece's economy different form Italy's economy?
Italy has fewer foreign debts and is much better than Greece's economy. Greece accounts for less than 2 per cent of the EU economy.
What kind of economy does Holland have?
What is an economy? When I hear 'economy', I picture a stoat.
What kind of economy does Angola have?
Angola has a communist economy!
Who has the biggest economy in the EU?
Germany
How did Spain benefit from joining the EU?
Spain benefited from joining the EU by obtaining a better economy. The euro and the economic reforms that came with joining did a lot for their economy.
What are challenges for Bulgaria's economy?
to compete with EU and its neigbours
Which country in the EU has the strongest economy in terms of trade?
Germany
Is the economy is high or low in Romania and what causes?
The Romanian economy is in decline; the cause is the destruction in order of EU.
What will happen to the EU if more countries join?
The economy would most likely grow and the EU would become more powerful.
Why Romania is one of the poorest countries from EU?
EU imposed the destruction of the Romanian economy.
What are 3 recent issue that the EU have had to deal with?
The war, the oil spill and the economy.
Why is the uk in the eu?
How does UK benefit for being in the EU? Participate in the EU economy (same currency) Free trade in the EU. (but there are other trade blocks) Free borders with EU countries inherit some laws from EU ( can be added to UK) make treaties for complete EU at one point, rather than individually country to country.
What kind of country does the EU form?
The EU is not a country. It is an organisation. It has 28 independent countries as members.
What is the worlds third largest economy?
The world's third largest economy would be the United States. (1st is the world, 2nd is the EU)
What factors must a country improve to become a member of the EU?
The most important factor is that the country must improve its economy. One of the requirements for joining the EU is to have a stable economy. Other factors include foreign relations and trade.
