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EU member states outside the eurozone (marked with yellow in the table) have no access to the funds provided by EFSF/ESM, but can be covered with rescue loans from EU's Balance of Payments programme (BoP), IMF and bilateral loans (with an extra possible assistance from the Worldbank/EIB/EBRD if classified as a development country). Since ...
The European Union describes its values as being 'Human Dignity, Freedom, Democracy, Equality, Rule of Law, and Human Rights'. [48] Democracy is a cornerstone of the project that is the European Union, and has been since its inception. It thus also represents a criterion for accession to the EU.
The political structure of the European Union (EU) is similar to a confederation, where many policy areas are federalised into common institutions capable of making law; the competences to control foreign policy, defence policy, or the majority of direct taxation policies are mostly reserved for the twenty-seven state governments (the Union ...
The European Union (EU) has been characterised as lacking in a traditional government-opposition divide. This deficiency plays into the wider question of the EU's democratic legitimacy . Scholars have argued that due to the lack of legitimate avenues to voice "issue-orientated, policy-motivated" [ 3 ] opposition within the EU, actors voice ...
This government would come in the form of a regular meeting of the eurozone heads of state and government (similar to the European Council) rather than simply the finance ministers which happens with the current Eurogroup. Sarkozy stated that "only heads of state and government have the necessary democratic legitimacy" for the role.
One aim of the EU assistance is to provide an incentive for people to stay in Ukraine. About 4 million people have fled since the war began on Feb. 24, 2022, often to Poland and other neighboring countries. The EU is providing assistance, such as short-term help to find a place to stay, jobs or education. But recently the number of people ...
Interest rates on auto loans, adjustable rate mortgages (ARMs) and student loans may begin to creep up in the next few weeks if Europe's economic turmoil is sustained. More important, it could ...
(Bloomberg) -- The executive arm of the European Union is blocking a 1.5 billion-euro ($1.5 billion) loan for Ukraine as caution prevails over the country’s urgent needs, according to officials ...