PART II EU Flashcards
- is a non-profitmaking provider of loans (at subsidised rates) to promote the economic development of the Community;
the European Investment Bank
- is an advisory body drawn from three groups: employers, trade unions and the ‘general interest’;
the Economic and Social Committee (ECOSOC)
- which ensures the legality and sound financial management of the Community budget.
Court of Auditors
consists of national delegations of ambassadors and civil servants and prepares the work of the Council of Ministers.
Committee of Permanent Representatives (COREPER),
They divide the agenda of the Council to low level or high level issues.
COREPER
Referendum
People voted against its accession to the community
Norway
became members in 1973
Ireland, UK, Denmark
left in 1982 – unsatisfied with CAP (Common Agricultural Policy)
UK
became a member in 1982
GREECE
THIS POLICY AIMS TO INCREASE PRODUCTIVITY AND EFFICIENCY IN AGRICULTURE
1960s- FREE MARKET (import vs. self-sufficiency)
COMMON AGRICULTURAL POLICY
SUPPORT THE MARKET
SUPPORT RURAL DEVELOPMENT
CAP
FIXED EXCHANGE RATE
GOLD EXCHANGE STANDARD
CURRENCIES WERE PEGGED TO THE US DOLLAR AND THE US DOLLAR WAS PEGGED TO THE GOLD STANDARD
1944: BRETTON WOODS SYSTEM
Replaced dollar as the basis of the system
No bank notes are issued
VIRTUAL CURRENCY
The currency of the member states are now pegged to one another (European Community
SNAKE CURRRENCY
Failure of the snake currency
Volatile internal market
Paved way to the creation of the European System Union
OPEC CRISIS
creation of the European Union
Maastricht Treaty –
SCHENGEN AGREEMENT (1995)
SCHENGEN, LUXEMBOURG
FREE MOVEMENT
ABOLISH BORDER CONTROL
SCHENGEN AREA
Revised the Treaty of Rome and widened European integration
Amended some of the powers of the institutions of the European Economic Community
Political Cooperation (foreign policy, environment policy, social policy, R&D)
SINGLE EUROPEAN ACT (1986)
Eliminate customs/tariffs
Promote free movements of goods, people, capital, and services
Maritime and air transport
SINGLE EUROPEAN ACT (1986)
PROCESS OF EU MEMBERSHIP?
- CANDIDACY
- MEMBERSHIP NEGOTIATIONS
- ACCESSION
WHAT IS THE FIRST PILLAR OF EU?
THE COMMUNITY
WHAT IS THE SECOND PILLAR OF EU?
THE COMMON FOREIGN AND SECURITY POLICY
WHAT IS THE 3RD PILLAR OF EU?
THE JUSTICE AND HOME AFFAIRS
MERGER OF THE EUROPEAN ECONOMIC COMMUNITY (EEC), EUROPEAN COAL AND STEEL COMMUNITY (ECSC), AND THE EUROPEAN ATOMIC ENERGY COMMUNITY (EURATOM)
Concerned with industrial policy, Schengen policies, social policies, environmental law, research, consumer protection
THE COMMUNITY
