Under the terms of the Maastricht Treaty of December 1991, EMU should be implemented in three stages, in accordance with a fixed timetable
The system under which EU members seek to adopt a single currency and other monetary policies under provisions of the Maastrict Treaty
A currency union consisting of most of the members of the European Union, who in January 1999 aligned their monetary policies under a European Central Bank and adopted a common currency, the euro
(Emu), as provided for under the Maastricht Treaty, gave the EU a single currency - the euro The objective is national economic convergence with a view to national political convergence Denmark, Greece, Sweden and the UK all opted out of joining Emu at its commencement on 1 1 99, but Greece subsequently joined on 1 1 2001 The 3 other countries will hold a referendum The UK's economic cycle has gradually moved into phase with that of most euroland (eurozone, euroarea) countries, but the UK is unlikely to join Emu before 2003 at the earliest The UK government's 5 proposed tests for joining are
A supranational organisation created in the 1950s to bring the nations of Europe into closer economic and political connection. At the beginning of 2007, 27 member nations were Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, The Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom
The issue will now be dealt with on a proper, rational basis, with the timetable for the lifting of the ban dependent on our own efforts. That has enabled the restoration of normal business in the European Union.
The European Union is an organization of European countries which have joint policies on matters such as trade, agriculture, and finance. = EU. An economic and political union established in 1993 after the ratification of the Maastricht Treaty by members of the European Community, which forms its core. In establishing the European Union, the treaty expanded the political scope of the European Community, especially in the area of foreign and security policy, and provided for the creation of a central European bank and the adoption of a common currency by the end of the 20th century. the European Union EU a European political and economic organization that encourages trade and friendship between the countries that are members. Organization of most of the states of western Europe, formed in 1993, to oversee their economic and political integration. It was created by the Maastricht Treaty and ratified by all members of the European Community (EC), out of which the EU developed. The successful EC had made its members more receptive to greater integration and provided a framework for unified action by member countries in security and foreign policy and for cooperation in police and justice matters. In pursuit of its major goal to create a common monetary system, the EU established the euro, which replaced the national currencies of 12 of the 15 EU members in 2002. Its principal institutions are the European Community, the Council of Ministers (its forum for individual ministries), the European Commission (its administrative bureaucracy), the European Parliament, the European Court of Justice, and the European Central Bank
an economic and political alliance currently comprising 15 European nations Its decision-making process involves several institutions, including the Council, European Parliament, European Commission (civil service), Economic and Social Committee, Committee of the Regions, Court of Justice and Court of Auditors
An umbrella organization of European countries which was founded in 1993 Members cooperate on a number of areas, ranging from a single free trade market to foreign policy
an international organization of European countries formed after World War II to reduce trade barriers and increase cooperation among its members; "he took Britain into Europe
a political and economic alliance if 15 European countries which aims to expand trade and encourage the free movement of goods, capital and labour amongst its members
One of three major market groups in western Europe, the EU has 15 members: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden and the UK p 87
An umbrella organization created by the Maastrict Treaty to include the European Community, as well as integration efforts under the Common Foreign and Security Policy, and Justice and Home Affairs
Members in 1995 are Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden and the United Kingdom Formerly called European Community (EC) and European Economic Community (EEC)
The aim of the European Union is "an ever closer union among the peoples of Europe, in which decisions are taken as closely as possible to the citizen", the objective is to promote economic and social progress which is balanced and sustainable, assert the European identity on the international scene and introduce a European citizenship for the nationals of the Member States
Since 1993, the term used to describe the European Community and related institutions The entry into force of the Maastricht Treaty of European Union on November 1, 1993, introduced this change in terminology regarding the EC and many of its institutions
An institutional framework for the construction of a united Europeeconomically, legislatively, judicially, and socially It includes the countries of Belgium, France, Italy, Luxembourg, Netherlands, United Kingdom, Ireland, Denmark, Greece, Spain, Portugal, Germany, Austria, Finland, and Sweden
The European Union (EU) is a union of fifteen independent countries based on the European Communities, founded to enhance political, economic and social co-operation Formerly known as European Economic Community (EEC) The member states consist of: AustriaBelgiumDenmarkFinlandFranceGermanyGreeceIrelandItalyLuxembourgNetherlandsPortugalSpain SwedenUnited Kingdom of Great Britain and Northern Ireland
A Customs Union consisting of 15 countries: Austria, Finland, Greece, Italy, Spain, Portugal, France, United Kingdom, Ireland, Belgium, Netherlands, Luxembourg, Denmark, Sweden, and Germany
An economic organization of 15 European countries with unified judicial control, and some limited responsibility for social policies as well, especially those linked to employment Large areas of social policy are the primary responsibility of the fifteen member countries (Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, United Kingdom) and a large number hoping to join
Formerly the European Community (EC), the European Union since signing of the Maastricht Treaty in November 1993 A regional trade block composed of 15 European states Its core institutions are known as the «institutional triangle» composed of the European Parliament (Strasbourg), the Commission (Brussels), and the EU Council (Brussels) Also of great notoriety is the European Bank which manages the common currency Actual members of the EU are: Austria, Belgium, Denmark, France, Finland, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden and the United-Kingdom
As a regional economic integration organization, the European Union can be and is a Party to the Convention; however, it does not have a separate vote from its members The EU can also be a Party to the Protocol Because it signed the Convention when it was known as the EEC, it retains this name for all formal Convention-related purposes Its members are Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden, and the UK
An economic association of European countries founded by the Treaty of Rome in 1957 as a common market for six nations It was known as the European Community before 1993 and is currently comprised of 15 European countries Its goals are a single market for goods and services without any economic barriers and a common currency with one monetary authority The EU was known as the European Community until Jan 1, 1994 BACK TO TOP
Created in 1958 to encourage and facilitate trade among the member countries The current EU members are Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden, and the UK Before November 1993, the EU was known at the European Community
An organization of 15 European countries, whose mission is: "to organize relations between Member states and between their peoples in a coherent manner on the basis of solidarity"
An intergovernmental organization that has as its goals the elimination of internal frontiers and the establishment of an economic, monetary, and political union Its constituent treaties are the European Coal and Steel Community Treaty (Paris, 1951), the European Atomic Energy Community Treaty (Rome, 1957), the European Economic Community Treaty, (Rome, 1957), and the Treaty on European Union (Maastricht 1992) Home Page
A regional organization created in 1958 providing for the gradual elimination of customs duties and other intraregional trade barriers, a common external tariff against other countries and gradual adoption of other integrating measures, including a Common Agricultural Policy and guarantees of free movement of labor and capital Formerly called the European Community (EC), the organization became the European Union in January, 1994 Since 1967, common institutions, the EU Commission, the EU Council, the European Parliament and the Court of Justice, have served members of the EU On January 1, 1999 the EU launched a single European currency called the euro, which most member countries have adopted With 15 members (Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, UK), the Union plans to expand membership in coming years, including Southern and Eastern European Countries
Created by the Maastricht Treaty in 1992, the EU comprises the European Community, the Common Foreign and Security Policy, and Co-operation and Justice in Home Affairs
An economic federation of 15 European countries created in 1993 in which there is free movement of goods, services, capital and labor across member countries The EU has a variety of programs funded by member countries It also coordinates economic, social and environmental policies across member countries