European Union

http://www.npr.org/templates/story/story.php?storyId=128389419
Npr
July 8th 2010.
New Story.
A very brief history on the European Union.
IN 1967, Three institutions of the Europeans communities merge as one, creating a single commission.
Something interesting about it is that in 1979, people of the European countries were given the right to vote for their parliament in the EU.
In 2002 12 out of the 15 countries switch to the Euro as their form of currency.

In 2008 the Euro reaches a all time high of 1.5843 to the dollar, but the worldwide recession that is coming up that will take a hugh toll on the economy of the EU.

In 2010 however the Euro takes a high going down to 1.19 to the dollar, trying to bail out Greece as well who is failing behind in the EU which has expanded to about 27 members form its 6 members in 1957.