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28 terms

European Union

Body of 27 members (one from each member state) that initiates and implements new programs, forming a permanent executive that supervises the work of the EU
Common Market
informal name for the European Economic Community
Council of Ministers
legislative body of the EU; passes legislation that is initiated by the Commission
crisis management
placement of humanitarian, rescue, and peacemaking task at the core of the development of common security and defense of EU members
democratic deficit
loss of direct control of political decisions by the people
European Community; expansion of the Common Market beyond economics
European Economic Community - called for the elimination of all tariffs between European nations and the creation of of new ones that applied to the entirety of Europe
enlargement fatigue
the loss of strength in a supranational organization after international growth has overstepped its abilities
European Central Bank
institution of the EU that administers monetary policy amongst its member states
European Constitution
its intention was to replace the overlapping set of treaties that govern member-states' interactions, and to streamline decision-making as the organization has grown to its current 27 states
European Council
all of the heads of state of the EU whom meet every 6 months
European Court of Justice
the supreme court of the EU, possessing the power of judicial review
European Parliament
lower legislative body in the EU that proposes amendments to legislation
European Monetary Union
the EU institution that sets basic interest rates and other fiscal policies (powers being passed from national banks)
European supranational organization with authority in monetary policy, foreign affairs, national security, transportation, the environment, justice, and tourism
farm subsidies
guarantees of selling goods at high prices
free movement
setting of policy regarding visas, asylums, and immigration that allows EU citizens and non-EU nationals to freely travel throughout the continent
Lisbon Treaty
2007 document that attempted to consolidate previous treaties that were still in force, including provisions to strengthen role of European Parliament, make national parliaments more involved, clarify the relationship between member states and the EU, allow withdrawals from the EU, create a permanent president of the EU, and introduce a Charter of Fundamental Rights
Maastricht Treaty
1991 treaty that created the European Union
Members of the European Parliament
mixed economy
economy establishing the right balance between the welfare state and free enterprise
monetary policy
control of the money supply
requirements for EU membership
a stable and functioning democratic regime, a market-oriented economy, and willingness to accept all EU laws and regulations
social market economy
a team-oriented economy that emphasizes cooperation between management and organized labor
supranational organization
an integration of government of a certain group of states
"three pillars"
SPHERES OF EU AUTHORITY: trade and other economic matters, justice and home affairs, and common foreign and security policy
Treaty of Amsterdam
1997 treaty that set major policy initiatives for judicial affairs