14Free movement of goods No customs duties between the member states The EU also prohibits charges having an equivalent effect of customs duties.
15Free movement of services The freedom prohibits restrictions on free circulation of services within Member States.Examples:Postal serviceInternet purchasesBanking
16Free movement of people The right to travel.The right to work in any member state.The right to settle in any member state.
17Free movement of capital Capital within the EU may be transferred in any amount from one country to another.
18The Euro€In 1999, the euro area was established as a currency in eleven of the then fifteen EU Member States.Of the 28 EU Member States today, seventeen have adopted the euro. Estonia most recently joined in 2011, and Latvia is expected to adopt the euro in 2014.In response to the economic and financial crisis, the EU created a new set of rules on enhanced EU economic governance which entered into force in December 2011.
19Before the Euro: a multitude of currencies Cumbersome inter-state tradingComparing prices more difficultCurrency exchange can be unpredictablein contracts/ loans19
20The Euro: a single currency for Europeans The 12 countries that introduced the Euro in 2001:AustriaBelgiumFinlandFranceGermanyGreeceItalyIrelandLuxembourgNetherlandsPortugalSpain20
21The Euro: a single currency for Europeans Can be used everywhere in the 17-country euro areaCoins: one side with national symbols, one side commonNotes: no national sideNew Euro countries since 2001:EU countries using the euro in 2013EU countries not using the euroCyprus (2006)Malta (2006)Slovakia (2008)Slovenia (2009)Estonia (2011)
22Some of the Euro’s benefits Internationaltrade isfacilitatedCurrencyexchange costsare eliminatedEuropean CentralBank keeps priceinflation low sointerest rates alsoremain lowTravelling is madeeasierComparing pricesis made simpler22
23Celebrating the European Union - A Half Century of Change and Progress Since the creation of the EU over half a century ago, Europe has enjoyed the longest period of peace in its history.EU enlargement has helped overcome the division of Europe – contributing to peace, prosperity, and stability across the continent.A single market and a common currency benefit companies and consumers.EU has united the citizens of Europe – while preserving Europe’s diversity.European UnionUnited in diversity