Business, Legal & Accounting Glossary
European Union. The economic association of over two dozen European countries seeks to create a unified, barrier-free market for products and services throughout the continent, as well as a common currency with a unified authority over that currency. The European Union was established in 1993 by the Treaty of Maastricht and was based on the European Economic Community. The EU is formed of three areas, or pillars, which are the European Community, Common Foreign, and Security Policy, and Police and Judicial Co-operation in Criminal Matters.
The EU has a wide variety of legislative bodies, including the European Parliament, the Council of the European Union, and the European Commission. The European Court of Justice and the Court of First Instance are the two main judicial bodies for the European Union. The format and principles of the EU have their roots in the European Coal and Steel Community, created in the early 1950s.
The EU, or European Union, is an inter-governmental, supranational organization of European states. Although the roots of the EU go back to predecessor organizations dating from the 1950s, the EU was established by treaty on February 7th, 1992, in Maastricht, Netherlands. The EU has several institutions, including the European Parliament, the European Commission, and the European System of Central Banks, which includes the ECB, or European Central Bank. The membership of the EU is subject to expansion and already is more than double the original 12 member states. The Byzantine structure of the EU results in slow decision-making processes. The linkage between the members of the EU may someday be strengthened beyond a series of treaties to include a common EU constitution or other unifying document.
You need to make sure that you fully understand how the EU works before you get involved in business there.
With the threat of economic decline present on everyone’s doorstep, many people began to steadily lose hope in the EU.
My company does a lot of business in France, Germany, and Italy, and so has a lot of people who are experts on how to do business in the EU.
European Monetary Institute
prudential ratio
European Free Trade Association
Member States
single European market
European Bank for Reconstruction and Development
threshold price
European Social Charter
EEC
retention tax
EURO STOXX 50
European Interbank Offered Rate
European-style option
European Regional Development Fund
EUR
harmonised European index
Euronext
EUREX
European currency quotation
European Currency Unit
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This glossary post was last updated: 30th October, 2021 | 0 Views.