EU Flashcards

1
Q

when was the eu formed

A

Founded: 1 November 1993, Maastricht, Netherlands
Awards: Nobel Peace Prize, Princess of Asturias Award for Concord, Bambi - Millennium Award

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2
Q

why was the eu given nobel prize

A

The Nobel Peace Prize 2012 was awarded to European Union (EU) “for over six decades contributed to the advancement of peace and reconciliation, democracy and human rights in Europe.”

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3
Q

who are the founders of the eu

A

Founders: Germany, France, Italy, Netherlands, Belgium, Luxembourg

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4
Q

how many members does the eu have

A

27

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5
Q

Containing some 5.8 per cent of the world population in 2020, the EU had generated a nominal gross domestic product (GDP) of around________ in 2021, constituting approximately 18 per cent of global nominal GDP.

A

US$17.1 trillion

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6
Q

which treaty formally est the eu

A

maastricht treaty that came into force on 1 nov 1993

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7
Q

which was the lastest country to join the eu

A

lithuania in 2015

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8
Q

what was the formal predecessor to the eu

A

The European Economic Community (EEC) was a regional organization that aimed to bring about economic integration among its member states. It was created by the Treaty of Rome of 1957. Upon the formation of the European Union in 1993, the EEC was incorporated into the EU and renamed the European Community (EC). In 2009, the EC formally ceased to exist and its institutions were directly absorbed by the EU. This made the Union the formal successor institution of the Community.

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9
Q

Lisbon Treaty

A

On 1 December 2009, the Lisbon Treaty entered into force and reformed many aspects of the EU. In particular, it changed the legal structure of the European Union, merging the EU three pillars system into a single legal entity provisioned with a legal personality, created a permanent president of the European Council, the first of which was Herman Van Rompuy, and strengthened the position of the high representative of the union for foreign affairs and security policy.

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9
Q

Lisbon Treaty

A

On 1 December 2009, the Lisbon Treaty entered into force and reformed many aspects of the EU. In particular, it changed the legal structure of the European Union, merging the EU three pillars system into a single legal entity provisioned with a legal personality, created a permanent president of the European Council, the first of which was Herman Van Rompuy, and strengthened the position of the high representative of the union for foreign affairs and security policy.

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10
Q

what is seen as eu’s reponse to the chinese velt road initiative

A

the global gateway

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11
Q

what is the worth of the global gateway project

A

300 billion euro or $340 billion

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12
Q

it will aim at mobilising this 300 billion between 2021 and

A

2027

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13
Q

the eu global gateway and the ______________- reinforce each other

A

build back better world initiative

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14
Q

the funds will be mobilised in

A

public and pirvate investment in infrastructure

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15
Q

which fund will the eu use

A

european fund for sustainable development plus

16
Q

how many billions are available in guarantee capacity

A

40 billion

17
Q

grants of upto ____ billions are allowed from external assistance programs

A

18

18
Q

the aim of the global gateway is to

A

strengthen relationship and people to people contact between europe and its partners

19
Q

what are the five sectors under the global gateway

A
digital transition
energy connectivity
transport networks
health
edu and research