Submitted by Is_Rosen t3_zwjmaz in explainlikeimfive
Philosophile42 t1_j1v0pps wrote
In the United States we have individual states that have their own laws, own governor, legislator, etc. but when we travel between states we all use the same money, and there are a set of laws that also apply to everyone, that individual states can’t overrule.
The EU is much like that. It generally creates a uniform currency and allows for easier travel between countries. It also helps regulate trade between countries.
Is_Rosen OP t1_j1v19kg wrote
This makes sense.
ywuoiaz t1_j1v5t1m wrote
> but when we travel between states we all use the same money
I think you're significantly exaggerating how close-knit the EU is. Its member states are generally more closely aligned on economic matters than in other areas, but not all of them even use the same currency. Currently, the Czech Republic, Hungary, Poland, Romania and Sweden all have their own free-floating currencies, while Bulgaria, Croatia and Denmark have currencies that are loosely pegged to the euro. In areas such as criminal law, social policy and national elections, the EU has basically no say whatsoever and the member states are free to do what they want. The member states are also free to leave the EU, and their national governments have a much bigger say over the EU's decision-making than US state governments have over the US federal government.
Philosophile42 t1_j1v6j2u wrote
Well it is eli5. Things are going to get simplified
Viewing a single comment thread. View all comments