32 terms

EU Terms AP Gov

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the commission
permanent executive that supervises the work of the EU (like cabinet)
common market
another name for the european economic community (EEC)
the council of ministers
the body of the EU that best demonstrates the continuing power of the nation-states
crisis management
core of the development of common security and defense of members of the EU = humanitarian, rescue, and peacekeeping tasks
democratic deficit
loss of direct control of political decisions by the people
European Community (EC)
expanded organizations functions beyond economics- concerned over peaceful use of atomic energy... limited by disagreements on how much power it should be given
economic liberalism
favors open, free markes
economic structural adjustment
Part of the debt of Greece, Ireland, and Portugal would be forgiven in an attempt to help fix their economy
European Economic Community (EEC)
a group of European countries acting together to set regulations in production and trade
enlargement fatigue
decline in support for continuous growth of the EU
european central bank
central bank for the euro and has enormous supranational authority to influence the economic policies of the member-states
european constitution
treaty signed but has not yet been ratified, created to replace overlapping sets of treaties that govern member states' interactions and to streamline decision making
european council
the ultimate controlling authority within the EU, meet every 6 months
european court of justice
supreme court of the EU and has judicial review, interprets European law, and its decisions may limit national sovereignty
european parliament
directly elected EU body that debates issues proposed by European Commission
european monetary union
the agreement among the participating member states of the European Union to adopt a single hard currency and monetary system, has power to set basic interest rates and other fiscal policies
European Union (EU)
supranational organization that has not supplanted nationalism, but has altered its members' policymaking practices substantially
farm subsidies
guarantees of selling goods at high prices
free movement
involves setting policy regarding visas, asylum, and immigration
integration
process that encourages states to pool their sovereignty to gain political, economic, and social clout
lisbon treaty
document that attempted to consolidate previous treaties that were still in force, replaced failed attempt at constitution, and created permanent president position
maastricht treaty
basis for the formation of the EU, set financial and cultural standards for potential member states, and defined criteria for membership in the monetary union
MEPs
directly elected by the people of their respective countries for European Parliament
mixed economy
an economy that allows for significant control from the central government
monetary policy
the control of the money supply
requirements for EU membership
stable and functioning democratic regime, market-oriented economy, and a willingness to accept all EU laws and regulations
restructuring
process of changing Greece, Ireland, and Portugal's economy structures
social market economy
economic system where industry and commerce are run by private enterprise within limits set by the government to ensure equality of opportunity and social and environmental responsibility
sovereign debt crisis
started with Greece in 2010, structural imbalance in state finances that makes it impossible to repay, or re-finance, the national debt without assistance from a third party
supranational organization
organizations of three or more states to promote shared objectives through formal economic, political, and/or cultural cooperation- example is EU
three pillars
trade and other economic matters, justice and home affairs, and common foreign and security policy
treaty of amsterdam
set major policy initiatives for judicial affairs, aimed to establish free movement within EU, helped to define cooperation among national police forces and judicial authorities in combating crime