European Union Flashcards
When was the EU set up and with how many member states?
1956, 6 member states
How many members are there currently in the EU and which country was the most recent to join?
28 member, Croatia in 2013
Whats the main objective of the EU?
integrating economies making another world war impossible
What does the key policy of having a single market involve?
free circulation of goods, services, capital and people in the EU
In which year did the euro launch
1st January 1999
How many countries are part of the monetary union?
15
What does the CAP aim to achieve?
increase agricultural production, providing certainty in food supplies, ensuring a high quality of life for farmers, stabilising markets, ensuring reasonable price for consumers
What % of the EU budget is the CAP?
35%
What did the CAP price controls lead to?
overproduction resulting in ‘butter mountains’ and ‘wine lakes’
In regards to infrastructure what distance will the network cover for roads?
75,200km
What does the EU regional development involve?
funds to support development of underdeveloped regions in the EU
What does the EU Development Fund (EDF) involve?
directs aid from the EU to developing countries
From 2008-2013 how much was given through the EDF?
10 billion euros
In regards to the environment what does the EU want to achieve by 2020?
use 20% renewable energy and reduce CO2 emissions by 20% (compared to 1990 levels)
How big is the single market that UK businesses have access to thanks to the EU?
450million consumers
