European Union Description

In 1967 the EU explained the merger of the three European institutions. The three agencies are the European Coal and Steel Community (ECSC), the European Economic Community (EEC), and the European Nuclear Community (Euratom). When the three merge, they form the European Community or the European Community. On November 1, 1993, the 12 Member States of the European Community ratified the "European Union Convention" or "Maastricht Treaty". The 12 members are Belgium, Denmark, France, Germany, UK, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain.

More tight alliance This political vision often appears in the celebration speech of the European Union. Six countries will also be established from European coal and steel community to 27 countries today, soon it will be 28 countries. The power of the institution of the European Union gradually strengthened the national state and sacrificed it. Is your future direction determined? Is it always desirable? Historicalism is lurking about the words of the closer alliance. We have heard of it before. There is only one way - across the horizon where we find heaven: the perfect balance between permanent peace, open border and economic growth and social safety net. Or use the wording of José-Manuel Barrosso.

The European Union has seven key decision-making bodies: the European Parliament, the European Council, the European Union Council, the European Commission, the European Union Court, the European Central Bank and the European Court of Justice. The European Commission and the European Parliament will review and revise the legislative authority jointly. Meanwhile, the Executive Committee will be conducted by the European Commission and the European Council will be enforced with limited authority (not to be confused with the above European Council). The euro area monetary policy is determined by the European Central Bank. The interpretation and application of the EU courts and treaties are guaranteed by the European Court. The EU budget will be judged by the European Audit Court. There are also a number of support agencies that provide advice to the EU and conduct business in specific areas.

According to Article 282, Paragraph 1 of the European Union Management Convention, the European Central Bank (ECB) and the National Central Bank constitute the European Central Banking System (ESCB). The European Central Bank and the national central bank with the currency of the member states of the euro constitute the euro system. According to Article 127 (1) and Article 282 (2) of the Convention on the Management of the European Union, the main purpose of the ESCB is to maintain price stability. We should support the overall economic policy of the ITU from the viewpoint of contributing to the achievement of the ITU objectives under Article 3 of the EU Convention without harming the price stabilization goal.