What is a disadvantage to joining the EU?

Disadvantages of EU membership include: Cost. (UKIP claim that the cost of EU membership in total amounts to £83bn gross if you include all possible costs, such as an ‘estimated’ £48bn of regulation costs – or £1,380 per head [1].

What was the main benefit of a single European currency?

What was the main benefit of a single European currency? The complete elimination of both exchange-rate risk and currency conversion costs within the European Union.

What is one benefit for countries that join the European Union?

General Advantages Stimulus to GDP growth, more jobs, higher wages and pensions; Growing internal market and domestic demand; Free movement of labour, goods, services and capital; Free access to 450 million consumers.

Why would a state want to join the EU?

Membership requires that candidate country has achieved stability of institutions guaranteeing democracy, the rule of law, human rights, respect for and protection of minorities, the existence of a functioning market economy as well as the capacity to cope with competitive pressure and market forces within the Union.

How will EU countries benefit from the establishment of a single currency What if any are the costs of a single currency?

The euro has eliminated the costs of exchange rate fluctuations within the euro area. Using a single currency makes doing business and investing in the euro area easier, cheaper and less risky. By making it easy to compare prices, the euro encourages trade and investment of all kinds between countries.

What is the single European currency called?

Euro

Euro
Symbol	€
cent	c
Nickname	The single currency, and others
Banknotes

How has the EU helped Europe?

The EU has delivered more than half a century of peace, stability and prosperity, helped raise living standards and launched a single European currency: the euro. Thanks to the abolition of border controls between EU countries, people can travel freely throughout most of the continent.

Does Portugal belong to the European Union?

Portugal. Portugal is a member country of the EU since January 1, 1986, with its geographic size of 92,226 km², and population number 10,374,822, as per 2015. The Portuguese comprise 2\% of the total EU population. Its capital is Lisbon and the official language is Portuguese.

Will the European Union become the United States of Europe?

Yes I believe that in roughly 50 years time it will become The United States of Europe similar to the USA…. If the EU becomes a country, this will have a substantial benefit on the economy of the whole world. Bigger trade, better communication, more science research and so on.

Should Europe become one country?

No, Europe should not become one country. Europe is very vast and encompasses a large land mass and many millions of people. There are many different ethnicities, cultures and languages. It would be very difficut to meld all the nationalities into one big country.

Should the European Union have an official language?

If the EU becomes a country, this will have a substantial benefit on the economy of the whole world. Bigger trade, better communication, more science research and so on. However I don’t think there should be an official language because this would cause negative tension between the states.

Is the European Union legally a federation?

The European Union (EU) is not legally ( de jure) a federation, although various academics have argued that it contains some federal characteristics. Here is the view of Professor R. Daniel Kelemen of Rutgers University on how various scholars approach the issue: