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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
Council of Ministers
legislative body of the EU; passes legislation that is initiated by the Commission
placement of humanitarian, rescue, and peacemaking task at the core of the development of common security and defense of EU members
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
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
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 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
setting of policy regarding visas, asylums, and immigration that allows EU citizens and non-EU nationals to freely travel throughout the continent
process that encourages states to pool their sovereignty in order to gain political, economic, and social clout
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
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
SPHERES OF EU AUTHORITY: trade and other economic matters, justice and home affairs, and common foreign and security policy
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