LEGAL SIGNIFICANCE OF THE VALUES OF THE EUROPEAN UNION

Abstract

The European Union is not merely an economic and monetary union, even if its predecessors, the European Communities, had their focus on economic integration. This was caused by the fact that the more ambitious projects of a European Defence Community and a European Political Community had failed in 1954; after this setback it was considered wise to start by laying the economic grounds for a later more comprehensive Union. Keywords: European Union, economic and monetary Union, European Communities, economic integration, European Defence Community, European Political Community