European Union

Abuse of a Dominant Position: Understanding Market Power and Anticompetitive Practices
A comprehensive exploration of abuse of a dominant position, an anticompetitive practice by large corporations, focusing on historical context, key events, and implications under Article 102 of the Treaty on the Functioning of the European Union and the UK Competition Act 1998.
Assisted Area: UK Regions Eligible for Special Government Assistance
A UK region made eligible for special government assistance under European Commission state aid rules to encourage investment due to persistently above-average unemployment.
Baltic Free Trade Agreement: A Historic Regional Trade Pact
An in-depth exploration of the Baltic Free Trade Agreement (BFTA), a pivotal free trade agreement between Estonia, Latvia, and Lithuania from 1993 until their accession to the European Union in 2004.
Brexit: The United Kingdom's 2016 Decision to Leave the European Union
An in-depth look at Brexit, including its historical context, types, key events, explanations, charts, importance, applicability, examples, and more.
Common External Tariff: Unified Trade Tariffs within a Customs Union
Understanding the Common External Tariff imposed on trade with non-members by countries in a customs union or common market, particularly within the European Union.
Council of the European Union: Legislative and Budgetary Authority
The Council of the European Union, also known as the Council of Ministers, comprises government ministers from each EU member state, sharing legislative and budgetary authority with the European Parliament.
Court of Justice of the European Union: Ensuring Uniform Interpretation of EU Law
An in-depth exploration of the Court of Justice of the European Union (CJEU), its historical context, structure, key functions, importance, and its role in ensuring uniform interpretation and application of EU law.
Customs Union: An Economic Integration Mechanism
A Customs Union is a group of countries that have agreed to allow free trade between members and implement a common external tariff on imports from non-member countries.
ECA: European Court of Auditors
The European Court of Auditors (ECA) is an institution of the European Union (EU) responsible for auditing the EU's finances.
Economic and Monetary Union: Integrating Europe's Economies
An in-depth look at the European Economic and Monetary Union (EMU), its historical context, categories, key events, importance, applicability, and more.
Economic and Monetary Union (EMU): An Umbrella Term for Economic Convergence in the EU
Economic and Monetary Union (EMU) represents the policies targeting the convergence of EU member state economies, facilitating integration and stability within the European Union.
Economic Union: Integration of National Economies
An in-depth exploration of economic unions, their types, key events, importance, applicability, and more, with a focus on the European Union as a primary example.
EMU: European Economic and Monetary Union
The European Economic and Monetary Union (EMU) is a framework for integrating the economies and monetary policies of European Union member states.
ERM: Exchange Rate Mechanism
An in-depth exploration of the Exchange Rate Mechanism (ERM), part of the European Economic and Monetary Union, including historical context, types, key events, explanations, and examples.
EU Directive: An Instrument of EU Legislation
A comprehensive guide to EU Directives, their historical context, types, key events, detailed explanations, and their importance in the European Union.
EU Passporting: A Comprehensive Guide
An in-depth exploration of EU Passporting, its historical context, importance, types, key events, mathematical models, and more.
EURO: The Currency Unit of the Eurozone
The euro is the official currency of the Eurozone, adopted by many European Union countries for ease of trade and economic stability.
EURO: The Currency of the European Union
The EURO is the official currency of the Eurozone, adopted in 1999 as part of the European Monetary Union by several EU member countries. This article covers the history, adoption, key events, and significance of the Euro.
Euro (EUR): The Currency to Which KMF is Pegged
The Euro (EUR) is the official currency of the Eurozone, consisting of 19 of the 27 member states of the European Union (EU), and it is the currency to which the Comorian Franc (KMF) is pegged.
European Central Bank: Central Authority for Eurozone Monetary Policy
The European Central Bank (ECB) is the central bank for the eurozone, established in 1998, responsible for setting interest rates and implementing monetary policy.
European Commission: The Main Executive Body of the European Union (EU)
The European Commission is the principal executive body of the European Union, responsible for proposing legislation, implementing decisions, upholding EU treaties, and managing day-to-day business.
European Economic Community: Foundation of the European Union
The European Economic Community (EEC) was established in 1958 by six European countries to foster economic integration and cooperation, ultimately leading to the formation of the European Union. This article delves into the historical context, key events, and significance of the EEC.
European Economic Integration: Unifying Economies Across Europe
The process by which European countries are becoming more closely linked in trade, finance, and policies through deliberate policies and natural economic developments.
European Monetary Institute: Foundations of a Central European Bank
An in-depth exploration of the European Monetary Institute (EMI), its historical context, functions, and its role in the establishment of the European Central Bank (ECB).
European Monetary System: Coordination of Monetary Policy and Exchange Rates in Europe
The European Monetary System (EMS) was established in 1979 with the aim of coordinating monetary policy and exchange rates across Europe, primarily through the Exchange Rate Mechanism and laying the groundwork for the European Monetary Union.
European Single Market: Comprehensive Integration of EU Economies
The European Single Market represents the culmination of efforts to integrate the economies of European Union member states, ensuring the free movement of goods, workers, and capital. It also includes the elimination of discrimination in public contracts, transport, and insurance.
European Stability Mechanism: Ensuring Financial Stability in the Eurozone
An in-depth look at the European Stability Mechanism (ESM), its origins, operations, and significance in maintaining financial stability within the eurozone.
European System of Accounts (ESA): Framework to Ensure Data Comparability Across Europe
The European System of Accounts (ESA) is a standardized accounting framework designed to ensure the comparability of economic data across European countries. It provides the basis for statistical methods and classifications for economic activities.
European System of Financial Supervisors: A Comprehensive Overview
The European System of Financial Supervisors (ESFS) is a regulatory framework established by the European Union in response to the 2008 global financial crisis, comprising the European Supervisory Authorities (ESAs) - the EBA, ESMA, and EIOPA.
Euroscepticism: Criticism of the EU and Opposition to European Integration
Euroscepticism is the criticism of the European Union (EU) and opposition to the process of political European integration. This article explores the historical context, types, key events, detailed explanations, and importance of Euroscepticism.
Eurozone: A Unified Monetary Zone
The Eurozone, comprising countries that have adopted the euro as their official currency, aims to ensure economic stability and integration in the European Union.
Excessive Deficit Procedure (EDP): A Mechanism to Correct Deficits
The Excessive Deficit Procedure (EDP) is a mechanism designed to correct member states whose deficits exceed 3% of GDP. It aims to maintain fiscal discipline within the European Union.
Exchange Rate Mechanism (ERM II): A System for Monetary Stability in Europe
A comprehensive guide on the Exchange Rate Mechanism II, detailing its historical context, categories, key events, importance, applicability, examples, considerations, and more.
Fortress Europe: Expression of Worries About European Isolationism
Fortress Europe describes concerns over potential European isolationism due to closer integration, leading to increased internal mobility and trade at the expense of external restrictions. Despite fears, there is no current evidence to support the intensification of such restrictions.
Galileo: European Union Satellite Navigation System
Comprehensive overview of the Galileo satellite navigation system developed by the European Union, covering historical context, types, key events, technical details, importance, and more.
Harmonization: Aligning Global Financial and Regulatory Practices
Harmonization refers to the alignment of financial reporting, practices, and regulations on an international scale, spearheaded by organizations like the IASB and initiatives within the European Union.
Harmonization: Convergence of Tax Rates and Regulatory Rules
The process of convergence over time of tax rates and regulatory rules in countries belonging to an economic bloc, actively pursued as a policy by the European Union (EU).
Maastricht Criteria: European Union Economic Convergence Criteria
The Maastricht Criteria, established by the European Union, set economic guidelines for countries aspiring to join the Eurozone, stipulating that national debt should not exceed 60% of GDP.
Maastricht Treaty: Founding Document of the European Union
The Maastricht Treaty, concluded in 1993, transformed the European Community into the European Union and set the stage for the European Monetary Union and the European Central Bank.
Member of European Parliament (MEP): Elected Representatives in the EU
An individual elected to represent a member state in the European Parliament (EP), playing a crucial role in legislative processes and decision-making in the European Union.
Monetary Union: Unified Currency Systems
A comprehensive guide to monetary unions, focusing on their structure, historical development, key events, and examples such as the European Economic and Monetary Union.
Passporting Rights: Facilitating Cross-Border Operations
An in-depth exploration of Passporting Rights, their significance in international finance, and their impact on global trade and economics.
PSD2: The European Directive Mandating Open Banking
PSD2 is a European directive aimed at increasing innovation, competition, and security in the payment services industry by mandating Open Banking.
Qualified Majority Voting: Voting Procedure Used in the Council of Ministers After SEA Reforms
A detailed exploration of Qualified Majority Voting (QMV), its historical context, application in the Council of Ministers, types, key events, mathematical formulas, importance, and related terms.
Reverse Charge Mechanism: Shifting VAT Liability from Seller to Buyer
The Reverse Charge Mechanism is a VAT mechanism that shifts the responsibility to report VAT from the seller to the buyer, aiding in tax compliance and prevention of VAT fraud.
SE (Societas Europaea): A European Public Company
A detailed exploration of SE (Societas Europaea), a type of European public company, covering historical context, legal framework, significance, and more.
SEPA: Standardizing Euro Payments Across Member States
An initiative by the European Union to standardize euro payments across the member states, facilitating smooth and efficient financial transactions.
Set-Aside: Agricultural Land Withdrawal
The policy of removing agricultural land from production, either through compulsion or financial incentives. Set-aside is part of agricultural policy, notably the Common Agricultural Policy (CAP) of the European Union. Set-aside land may be left fallow or converted for other uses such as forestry, amenity, or residential purposes.
Single European Act: A Milestone in European Integration
The Single European Act (SEA), an amendment to the Treaty of Rome, introduced significant changes to the European Community's governance, fostering closer economic and political union within Europe.
Sustainable Development Strategy: A Blueprint for a Sustainable Future
An in-depth exploration of Sustainable Development Strategy (SDS) focusing on European Union policies aimed at continuous improvement in quality of life through sustainable practices.
Treaty of Maastricht: Foundational Agreement for the European Union and Economic and Monetary Union
The Treaty of Maastricht, signed in 1992, laid the groundwork for the establishment of the European Union and set the roadmap for the Economic and Monetary Union (EMU). It represented a significant milestone in European integration, facilitating economic, political, and social cooperation among member states.
Treaty of Rome: The Founding Treaty of the EEC
An in-depth look at the Treaty of Rome, its historical significance, provisions, and its role in the creation of the European Economic Community.
Treaty of Rome: Foundation of European Economic Integration
The Treaty of Rome, signed in 1957, established the European Economic Community and the European Atomic Energy Community, laying the groundwork for the European Union.
European Union (EU): Union of 27 Independent States
Comprehensive definition of the European Union (EU), encompassing its history, member states, economic and political objectives, and impact on global affairs.
Brexit Meaning and Impact: Understanding the U.K.'s Withdrawal from the EU
Comprehensive analysis of Brexit, including its meaning, historical context, impacts, and ongoing implications of the U.K.'s decision to leave the European Union.
Understanding the European Monetary System (EMS): Its History and Impact
Explore the European Monetary System (EMS), established in 1979, which aimed to foster closer monetary policy cooperation among European Community (EC) members. Learn about its history, objectives, mechanisms, and its significance in European economic integration.
Harmonized Index of Consumer Prices (HICP): Comprehensive Overview and Analysis
A detailed exploration of the Harmonized Index of Consumer Prices (HICP), used to measure consumer price inflation in the European Union and the Eurozone. The entry includes definitions, calculations, applications, historical context, and comparisons with other inflation measures.
The Lisbon Treaty: History, Impact, and Expert Opinions
A comprehensive analysis of the Lisbon Treaty, its historical context, direct impacts on the European Union, detailed discussion of centralized leadership and foreign policy, and a range of expert opinions.
MiFID II: Definition, Regulations, Impact, and Purpose
A comprehensive overview of MiFID II, covering its definition, specific regulations, who it affects, and its purpose within the financial markets.

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