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Is the European Union the greatest political peace accomplishment in modern History?
The geopolitical balance of power creates the peace in Europe; not the EU institution.
The balance of power within Europe is such that there's no drive for hegemony possible with France having nukes and Germany not.
Soviet/Russian-US confrontation makes peace necessary.
Europe has an aging population and as such cannot engage in warfare as it did in earlier times.
are often cited as causing the longest peaceful time in recent history.
The EU in itself allows a
balance of many powers
. It didn't exist before.
The EU facilitates balancing by providing states with a forum. This reduces transaction costs.