This document summarizes information about the European Union. It discusses the EU's legal system, which is based on treaties; courts of justice; fundamental rights and values; foreign relations and lack of a unified military; humanitarian aid; economy and monetary union; financial supervision; infrastructure; agriculture; environment; education; and demographics. It also lists the group members and work done for a class project on the EU.
Detailed view about the function and policies of european union and challenges faced by the European union , various policy,history and other detailed functions conducted by europen union
Write about the EU- Define it- What is its purpose- What is its his.docxnoreendchesterton753
Write about the EU. Define it. What is its purpose? What is its history? How successful is the EU in achieving its goals? Describe the 3 most interesting items you find on the site. Describe trends and recent events
Solution
As in 1949 when it was founded with the creation of the Council of Europe, the European Union\'s mission for today is to continue prosperity, freedom, communication and ease of travel and commerce for its citizens. The EU is able to maintain this mission through the various treaties making it function, cooperation from member states, and its unique governmental structure.
With so many different nations participating, the governance of the EU is challenging, however, it is a structure that continually changes to become the most effective for the conditions of the time. Today, treaties and laws are created by the \"institutional triangle\" that is composed of the Council representing national governments, the European Parliament representing the people, and the European Commission that is responsible for holding up Europe\'s main interests.
The Council is formally called the Council of the European Union and is the main decision making body present. There is also a Council President here and each member state takes a six month turn in the position. In addition, the Council has the legislative power and decisions are made with a majority vote, a qualified majority, or a unanimous vote from member state representatives.
For countries interested in joining the EU, there are several requirements that they must meet in order to proceed to accession and become a member state.
The first requirement has to do with the political aspect. All countries in the EU are required to have a government that guarantees democracy, human rights, and the rule of law, as well as protects the rights of minorities.
In addition to these political areas, each country must have a market economy that is strong enough to stand on its own within the competitive EU marketplace.
Throughout the 1990s, the \"single market\" idea allowed easier trade, more citizen interaction on issues such as the environment and security, and easier travel through the different countries.1) To strengthen the democratic governing of participating nations.
2) To improve the efficiency of the nations.
3) To establish an economic and financial unification.
4) To develop the \"Community social dimension.\"
5) To establish a security policy for involved nations
.
Included in presentation is information on the European Commission, Council of the European Union, European Parliament, European Council, and European Central Bank, as well as new regulatory entities such as the European Securities and Markets Authority. Information on some of the most important hedge fund-related regulations is also provided, including the Alternative Investment Fund Managers Directive (AIFMD), European Market Infrastructure Regulation (EMIR), short selling regulation, Review of Markets in Financial Instruments Directive (MiFIDII), and the Market Abuse Directive (MAD).
3. Group Members
Annam Zahra
Anum Anwer
Aroosa Attique
Anum Muneer
M.Com
Semester 3rd
4. Work done by members
• Aroosa Attique; history of Europe and politics
• Anum Anwer; business strategies and
geography
• Anum Muneer; legal system and foreign
relations
• Annam Zahra; Economies and demographics
5. Legal system
• The EU is based on a series of treaties. These first established
the European Community and the EU, and then made
amendments to those founding treaties. These are power-
giving treaties which set broad policy goals and establish
institutions with the necessary legal powers to implement
those goals
6. Courts of Justice
• The judicial branch of the EU—formally called the Court of
Justice of the European Union—consists of three courts: the
Court of Justice, the General Court, and the European Union
Civil Service Tribunal. Together they interpret and apply the
treaties and the law of the EU.
• The Court of Justice primarily deals with cases taken by
member states, the institutions, and cases referred to it by the
courts of member states.
7. Fundamental rights
• The treaties declare that the EU itself is "founded on the
values of respect for human dignity, freedom, democracy,
equality, the rule of law and respect for human rights,
including the rights of persons belonging to minorities ... in a
society in which pluralism, non-discrimination, tolerance,
justice, solidarity and equality between women and men
prevail."
8. Foreign relations
• Foreign policy co-operation between member states dates
from the establishment of the Community in 1957, when
member states negotiated as a bloc in international trade
negotiations under the Common Commercial policy. . EPC was
renamed as the Common Foreign and Security Policy (CFSP) by
the Maastricht Treaty.
• The aims of the CFSP are to promote both the EU's own
interests and those of the international community as a
whole, including the furtherance of international co-
operation, respect for human rights, democracy, and the rule
of law
9. Military
• The European Union does not have one unified military. The
predecessors of the European Union were not devised as a
strong military alliance because NATO was largely seen as
appropriate and sufficient for defense purposes. 22 EU
members are members of NATO while the remaining member
states follow policies of neutrality. The Western European
Union, a military alliance with a mutual defense clause, was
disbanded in 2010 as its role had been transferred to the EU.
10. HUMANITARIAN AID
• The European Commission's Humanitarian Aid and Civil
Protection department, or "ECHO", provides humanitarian aid
from the EU to developing countries
11. Economy
GDP (PPP) comparison of
economies (IMF, 2013, top 10
countries, no particular order)
Economy of the European
Union and Regional policy of
the European Union
12. Internal market
Two of the original core
objectives of the European
Economic Community
were the development of a
common market,
subsequently renamed the
single market, and a
customer union between its
member states.
13. Competition
The EU operates a competition
policy intended to ensure
undistorted competition within
the single market. The
Commission as the competition
regulator for the single market is
responsible for antitrust issues,
approving mergers, breaking up
cartels, working for economic
liberalization and preventing
state aid.
14. Monetary union
The Eurozone (in
darker blue) is
constituted by 18
member states
adopting the euro as
legal tender.
16. Financial supervision
The City of London, one of the
largest financial centers in the
world
The European System of
Financial Supervisors is an
institutional architecture of the
EU's framework of financial
supervision composed by three
authorities: the European
Banking Authority, the European
Insurance and Occupational
Pensions Authority and the
European Securities and Markets
Authority
18. Agriculture
The Common Agricultural
Policy (CAP) is one of the oldest
policies of the European
Community, and was one of its
core aims. The policy has the
objectives of increasing
agricultural production,
providing certainty in food
supplies, ensuring a high quality
of life for farmers, stabilizing
markets, and ensuring reasonable
prices for consumers.
19. Environment
In 1957, when the EU was
founded, it had no
environmental policy, no
environmental
bureaucracy, and no
environmental laws.
Today, the EU has some of
the most progressive
environmental policies of
any state in the world.
20. Education and science
Educational policies
and initiatives of the
European Union and
Framework
Programmers for
Research and
Technological
Development