Europe Does Matter Flashcards
Which countries have never been colonized by Europe?
Japan, Liberia, Thailand and Korea
Is the European Nation welcomes a lot of immigrants?
No, there is only 5,1% of the EU population is from elsewhere… in comparison, 25% of the Canadian population is born in another country.
Which were the 6 first countries in the EU?
Belgium, France, Germany, Italy, Luxembourg, and the Netherlands.
Which was the last country to join the EU, and which country did leave the EU in 2020?
The last country to arrive was Croatie in 2013, and the country that chose to leave is the UK in 2020 through Brexit.
What is the main reason behind the creation of the European Union?
- Ensure peace and prosperity in a humanistic model: harmonious development and quality of life and aiming at a continental integration
- There are four main freedoms in Europe: whether People, Goods, Capital and Services
- This is why the Ukraine contribution is not recognized yet as it does not apply the values of the EU
Are all the members of the EU sharing the same values and the same ideas concerning what should happen in the EU?
No, the political sphere of Europe is very diverse. Hence, there are loads of movements. While Spanish people have an interest in being in the EU at 62%, the French people only value it at 48%. Also, Spain is reluctant to give more money to the military. France has a quite strong army, despite them feeling alone in this situation. Other European nations believed in letting the US control this part of NATO.
What are the official languages of the EU?
French, English and German
What are the institutions of the EU?
- Commission
- Parliament
- European Council
- Central bank
- Court of justice
What was the context of the creation of the EU?
The European Nation was created in the context of war where everything and people were destroyed because they no longer want war in Europe. The European nation was created as an answer to this problem, to avoid the depopulation of Europe with the separation of Europe into two parts
* The purpose is to find a common ground by creating an economical market. The way to do it was to unify the market it is based on four freedoms.
Problems with the single market in the EU?
There are two problems:
1. the tax system in Europe is still mainly national.
2. The social system is only partially harmonized.
a. There are only minimal regulations for labor, you have working time and maternity leave.
b. Most of the system is national, and most of the social protection is national which is a real problem for the pharma industry- no social security at which price it will reimburse the products. The same products will be sold differently from one country to another, despite the product being the same, the marketing as well. It is very detrimental to Europe because very hard to fight those laws and this market.
What are the main competencies of the EU?
Trade.
1. Investment: easy from everywhere
2. Infrastructure: issue at a European level
3. Energy: trying to find a solution. Dependence to energy is high in certain countries.
4. Research: Huge European program for innovation
5. Education: Added value at the European level, entre autre avec les Erasmus
6. Defence: More important in the current context, try to manage at the European level
Responsibilities of the high representatives of the EU
Contribution to elaboration of foreign policies and their implementation, represent the EU in its dialogue with third countries, personifies the Eu voice in international organization and conferences
Which players are involved in conceiving and implementing European Cooperation?
- EC EEAS 2010
- State members
- Receiving countries
- Delegation: There is an embassy pretty much all around the world the EU. First, the purpose is to keep the EU citizens involved, supposed to match the different needs of the EU.
- European Parliament: The Lisbon Treaty gave more powers to the EP to act. It grew in importance through the years.
What are the current debates on economic governance?
- Federal leap: identified objectives but dedicated amounts are rather limited, regulations try to favor the achievement of objectives for the whole EU (funds allocated for those specific objectives). The financial means are relatively limited.
- More coordination at the EU level: sanctions, taxes, price caps to mitigate energy prices – high discrepancies with EGD and impact on inequalities created.
- Stability and Growth Pact: fiscal limits for EU member states;
1. you cannot have a public deficit of more than 3% of the GDP
2. Debt-GDP ratio must be 60% or works towards 60%. - Monetary policy has turned restrictive: by example, restrictions to fight inflation which may cause a recession eventually- no reasons to intervene
European Union economy vs The Global Economy
- It is possible that there is a decline in the growth in the current year in comparison with 2021 and 2022.
- There was somewhat of a shock recession of 6% during the pandemic of Covid-19. Although, after 2022, the forecast of the economy in the EU is higher than what is what in 2019. Spain, France, and Germany were heavily touched by the Covid crisis, on the other hand, Romania and Poland were less touched.
- There has been a very significant movement in the euro since its creation. It is moving with the crisis that is going on in Europe.
What are the Euro area’s institutional frameworks?
The European central bank
* independent from the state, hierarchical mandate. They can regulate and pose their own actions to limit the price increase, etc. Not a lender of last resort (if you face high problems), this is because no countries want to share the risks associated with the default in those countries. This makes the Euro area very sensitive to default.
1. Maintain price stability.
2. High employment and sustainable and non-inflationary growth (around 2% per year)
The Government Council
* * Governing council takes the decision concerning monetary policies + executive board – rotation on groups which rules and make the decisions.
* The SGP allows for avoidance of discretion and creates stabilizations.
1. Preventive arm: Stability program
2. Corrective arm: early warning
* Sanctions for countries that have a higher deficit than 3% deficit. However, no countries have ever been under sanctions, so the penalties are not very applied.
What are domestic fiscal policies?
They are fettered by rules initially uncorrected for business cycles – very limited coordination, except imperfectly on excessive deficits.
Name characteristics of the European market.
- A single market for the 510 million inhabitants, 20.8 trillion $ in GDP (which is the largest market in the world), and 40.1k$ in average per capita (26th position in the world)
- 27 markets to be integrated: culture and practice issues, customers required, and resources offers.
What are the similarities among the countries of the EU?
high level of education,
trade traditions,
family capitalism,
60 years of the Rome treaty,
25 years of Maastricht Treaty
common currency, common standards
What are the differences among the countries of the EU?
Market requirements and maturity, GDP gaps, tax, languages, transport networks and local regulations
What are the 4 freedoms of the EU?
- goods
- Services
- Labour
- Capital and its limits (protectionism, tax, social pressure, etc.)
Who takes the decision in the EU?
- The Parliament and Council share legislative authority: consensus must be reached between the Council and the Parliament for the legislation to be adopted
- Co-decision is designed to ensure that legislation reflects the views and interests of both the EU citizens, as represented by the European Parliament, and the Member States, as represented by the Council of the EU. It also helps to ensure that the EU’s legislative process is transparent and accountable
What is the procedures for making decisions?
- EU Commission submits proposal to Parliament and Council
- Parliament takes a vote on the proposal (amend or approve)
- The proposal is amended by the Council and are submitted to Parliament
- If negotiations on an amended proposal are not concluded within 6 weeks, the proposal is rejected
- Third Reading; Both Parliament and Council must decide on the amended proposal to approve or reject the proposal, amendments are not permitted.
What is the difference between white paper and green paper?
- White paper: an advanced and concrete policy document, that set the commission’s opinion on a particular issue and outlines proposition action to be taken. They are the first draft of the law, they have as incentive to prompt a debate with the public stakeholders, the European Parliament, and the Council
- Green paper: the first step towards legislation, they are tentative documents that send feedback and seek input from shareholders before the Commission makes a decision