EU Law Flashcards
EU important facts
Agreement among a group of countries in the European continent. 27 countries- Almost 500 million people 24 official languages May 9, Europe Day Spain joined the Eu in 1986
EU Aims
Coexistence and help Stability and certainty Influence and power Peace and prosperity Economy
Banking Union
EU-wide supervision of banks and a coordinated mechanism banking struggles.
- Rulebook: new legislation regarding banks’ capital and risk control.
- Supervision: European Central Bank monitoring the 130 most influential European banks.
- Resolution: Europe-wide single resolution board to determine the fate of failing banks .
Euro (€)
Single currency used anywhere in Euro Area that enables price stability with less fluctuation risk and minimises foreign exchange cost.
Single Market
Freedom of movement for people and goods as well as services and capital allowing job creation, more business opportunities, abundant choices and reduction of costs.
Schengen
No police or border controls in most of EU counties, Switzerland, Liechtenstein, Norway and Iceland but enforced checks in EU external borders. Free movement of goods for personal use and linked cooperation of EU international national authorities
EU Institutions (10)
European Parliament European Commission European Council of Ministers (The Council) European Summit Court of Justice European Ombudsman European Court of Auditors European Central Bank European Economic and Social Committee European Committee of Regions
European Parliament- Voice of the People
- Decide EU budget and laws in conjunction with the Council.
- Supervise the work of all EU institutions.
Representatives of countries are chosen by their people through European elections.
There are 705 seats (post- Brexit) and the amount each Member States possesses is related to the amount of the population they have (Germany and France have the most seats since they are the most populated countries of the Union).
European Council of Ministers - Voice of Member States
- Decide EU laws and budget in conjunction with the Parliament.
- Manage Common Foreign and Security Policies
Each Member State’s government assign one minister to represent them (27 ministers).
Voting method: Double Majority
What is the Double Majority voting method used by The Council?
BOTH MUST HAPPEN:
55% of Member States must agree (around 14/ 15)
+
Representation of 65% of total EU population.
European Commission - promoting common interest
- Proposing new legislation
- Represents the EU internationally
- Guardian of Treaties
- Supervise that States are complying with EU regulations
Summit
Gathering of the Head of State and Head of Government of each country (54 individuals)
- Set guidelines for EU policies on subjects affecting the whole Union.
Court of Justice
27 independent judges, one from each EU country
- Set interpretation of EU legislation
- Supervise that States are complying with EU regulations
European Ombudsman
Investigate complains of poor or failed administration by EU institutions, complaint can be made by anyone.
European Court of Auditors
27 independent auditors, one from each State Member.
- Check EU funds are being used correctly.
- Audit anyone (person or institution) dealing with EU funds.