3päästä

3päästä is a Finnish term that is used to describe the three currencies or three economic systems in a European Currency Union setting. The term is derived from the Finnish word "kolmanneksi," which translates to "three" in English. The concept of 3päästä is also referred to as the "Three Pillars."

In the context of the European Union, the three pillars refer to the European Economic and Monetary Union (EMU), the Common Foreign and Security Policy (CFSP), and the Schengen Agreement. The EMU is responsible for establishing a single currency, the Euro, and creating a single economic policy among participating countries. The CFSP provides a framework for coordinating foreign and security policies among member states. The Schengen Agreement aims to eliminate border controls between participating countries.

The 3päästä concept gained significant attention in Finland during the country's accession to the European Union in the 1990s. The term "3päästä" has been used to describe the three pillars of the European Union, emphasizing the country's commitment to adopting the union's economic and political policies. However, the concept of 3päästä is not unique to Finland, and it has been used in other European countries to describe the EU's three pillars.

In academic and economic circles, the concept of 3päästä is often used to analyze the complex relationships between the European Union's economic, political, and foreign policy aspects. The term has been the subject of various studies and research papers, shedding light on the challenges and opportunities related to implementing the three pillars of the EU in member states.