The European Union Flashcards
European Coal and Steel Community
Formed in 1952 an international organization to control and integrate all European coal and steel production. Consisted of West Germany, Italy, Belgium, Netherlands, Luxembourg, and France. Aimed to be so close together economically that war against them impossible.
European Economic Community (EEC)
The regional trade and economic organization established in Western Europe by the Treaty of Rome in 1958; also known as the Common Market.
1972 European Communities Act
Legislated for the accession of the UK to the EU.
1985 Single European Act
Created the EU single market.
1991 Maastricht Treaty
Created the EU, began to develop the Euro.
1997 Amsterdam Treaty
Created an ‘area of freedom, security, and justice’
Eurozone
The group of European Union nations whose national currency is the euro.
2001 Nice Treaty
Created a common EU security and defence policy.
2007 Lisbon Treaty
Amended and reformed previous treaties to improve the democratic and accountable nature of EU institutions
Debt crisis
Extended crisis which began in 2009 and led to five nations being bailed out by the EU.
Migrant crisis
A a term given to a period beginning in 2013 when rising numbers of people arrived in the European Union from across the Mediterranean Sea or overland through Southeast Europe; new EU measures had little impact.
Brexit referendum
2016, the UK vote to leave the EU by 51.9%
Single market
A system in which goods, services, and capital move freely, with no barriers
Four freedoms of movement
Goods, services, people, capital
Structural Funds
Money distributed within the EU from richer members to poorer member states to help the latter develop economically and meet EU standards.