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Because the "Powers that Were" were fugging stupid and should have taken a course in economics.
^Although the EU has caused many major economic problems and will continue to do so including the impending collapse of the ECB it is all the stupid democratically elected national governments faults. As we know it today it exists to create a single 'state of Europe', with authoritarian governance.
What else can I help you with?
When was the European Union formed?
1957. The European Union was formed on 1st November 1957
Where was the European Union formed?
The European Union's de facto capital is Brussels.
What precursor to the European Union was formed in 1957?
The European Community
What currency the European union formed?
The Euro.
What year was the union of European basketball formed?
1991
Why did European countries form the European Union?
The European Union wasn't formed instantly. It is a result of the combo of various institutions that initially promoted a European Community. This turned to a Union, after agreeing on the basis of a treaty.
Whenwas the European Union formed?
November 1 1993
When did European Union begin?
What was then called the European Economic Community was founded in 1957. It later became known as the European Community and then on the 1st of November 1993 it became known as the European Union.
Which international organization was formed to bring greater economic integration among European nations?
European Union
What treaty formed what is now the EU?
The Treaty on the European Union or the Maastricht Treaty
What group was formed mainly by Western European countries to promote defensive and economic cooperation in Europe?
The European Union
What groups were formed mainly by Western European countries to promote defensive and economic cooperation in Europe?
The European Union.
