The History and Growth of the European Union: Part One

26 Pages Posted: 25 Jul 2012

See all articles by Ralph Folsom

Ralph Folsom

University of San Diego School of Law

Date Written: July 25, 2012

Abstract

Whither the European Union? Whither the EURO? These questions have taken on heightened, global significance in the wake of the EURO-zone financial crisis that emerged in 2010 and remains ongoing. Answers, or at least approaches to answers, are important not only to bailing out Greece, Ireland and Portugal, but also Spain, Italy and the whole of the European Union, including Britain and other non-EURO members. Indeed, they are critical for the world as we know it.

In this article, my approach to these questions is historical. In order to understand whither the European Union and EURO, it helps to understand whence they came. In Part One, I explore the history of European integration up to the watershed release of the EURO in 1999. I anticipate, in a sequel Part Two, carrying this historical approach to a conclusion amidst today’s crisis in Europe.

Keywords: European Union, EURO

JEL Classification: F15, K33, 052

Suggested Citation

Folsom, Ralph, The History and Growth of the European Union: Part One (July 25, 2012). San Diego Legal Studies Paper No. 12-089, Available at SSRN: https://ssrn.com/abstract=2117538 or http://dx.doi.org/10.2139/ssrn.2117538

Ralph Folsom (Contact Author)

University of San Diego School of Law ( email )

5998 Alcala Park
San Diego, CA 92110-2492
United States

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