OTHER BODIES Flashcards
When was the EESC founded
1957
What are the three key mission of the EESC?
advising the European Parliament, the Council and the Commission opinions can be mandatory
in touch with popular opinion;
securing the role of participatory democracy.
The EESC is composed of …
329 Members
The EESC is structured in …
three groups representing:
group I: Employers; group II: Workers; group III: Diversity Europe
EESC opinions are published in the ….
Official Journal of the European Union.
Appointment of EESC
appointed by the Council. EESC terms of office last 5 years renewable
The Council adopts the list of members established in accordance with proposals from each Member State.
The Council consults the Commission before acting.
Seat of EESC
Bruxelles
President of EESC
Christa Schweng
How is the EESC President elected?
The EESC elects its President and 2 Vice-Presidents for two-and-a-half-year terms
When was the CoR founded
1994
President of CoR
Apostolos Tzitzikostas
Composition of CoR
The Committee of the Regions (CoR) is made up of 329 regional and local representatives.
They either hold a regional or local authority electoral mandate or are politically accountable to an elected assembly.
Cases for CoR opinion to be issued?
Mandatory or optional referral
own-initiative opinion.
Appointment of CoR
Similar to EESC
CoR members are appointed by the Council. The CoR term of office lasts for 5 years (renewable)
The Council adopts the list of members and alternate members drawn up in accordance with the proposals made by each Member State.
Who owns the EIB?
only bank owned by and representing the interests of the European Union Member States.
Difference between ECB and EIB
The ECB manages the euro - Europe’s single currency - and safeguards price stability in the Union.
The EIB borrows capital to finance projects that help further the EU’s policy objectives.
President of EIB
Werner Hoyer
When was the EIB established
1958
Seat of EIB
Luxemburg
Can the EU EIB lend money outside the EU?
lends this money at low interest rates to finance projects both inside the European Union and in neighbouring or developing countries.
What is the annual lending of the EIB
70bn s for the 2008-2014 period.
Is the EIB for profit?
The EIB is a non-profit organisation.
Who are the shareholder of the ECB?
27 Member States of the European Union
Where is the EIB headquarter?
Luxembourg
Composition of EIB board of governors
Ministers designated by each of the Member States, usually Ministers of Finance.