European Union

The advantages and disadvantages of European Union

“We are only as strong as we are united, as weak as we are divided”[i] The previously mentioned quotes are one of many quotes that show the importance of unity. Although being united has countless of benefits, one should not forget that “two captains can sink the ship”. In other words, there are numbers of disadvantages that unity can have.  A unity is a double-edged sword. For the sake of this essay, I would shade the light on the advantages and disadvantages of European Union.

The European Union is good for one’s country economy. By having a single currency, the stake brokers and other investors will not have to fear the fluctuations and the interest rate of their currency. By having a free trade zone, the 28 members of the union would be economically developed.

At one time of history, Greece had economically fallen behind. Suffice to say that Greece is a small, industrialized country, and if it wasn’t part of the union, it would be hard for them to get where they used to be. Fortunately, because they were part of the union, they were able to get financial help from other countries.

As for the disadvantages, taking into consideration the above mentioned example of Greece, how is it possible for a small productive country to keep up with a large productive country in the union, respectively? Since member countries cannot adopt political policies of its own, it would be difficult for Greece or any other small state to succeed competitively.

All in all, there are countless of advantages and disadvantages that EU has. Even if the misfortunes, by any chance, outnumbered the benefits, one should not be pessimist. It is always to wise to see the full half of a glass not the empty half of it.