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The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union; also referred to as TSCG, or more plainly the Fiscal Stability Treaty [3] [4] [5] is an intergovernmental treaty introduced as a new stricter version of the Stability and Growth Pact, signed on 2 March 2012 by all member states of the European Union (EU), except the Czech Republic and the United Kingdom. [1]
European Union law is a system of rules operating within the 27 member states of the European Union (EU). It has grown over time since the 1952 founding of the European Coal and Steel Community , to promote peace, social justice, a social market economy with full employment , and environmental protection.
Nine implementing measures have already been adopted – for a total energy saving of 341 TWh, or 12% of the electricity consumption of the EU. [4] Several preparatory studies by DG Energy are completed or ongoing. The European Commission will be tabling a Circular Economy proposal towards the end of 2015.
The first full production Tornado GR1 (ZA319) flew on 10 July 1979 from Warton. [34] The first RAF Tornados ( ZA320 and ZA322 ) were delivered to the TTTE at RAF Cottesmore on 1 July 1980. [ 192 ] Crew that qualified from the TTTE went onto the Tornado Weapons Conversion Unit (TWCU), which formed on 1 August 1981 at RAF Honington , before being ...
The European Commission presented its European Green Deal with the goal of making the EU carbon-neutral by 2050. [390] In 2021, the European Commission released its " Fit for 55 " legislation package, which contains guidelines for the car industry ; all new cars on the European market must be zero-emission vehicles from 2035.
The EU has a long-term budget, named Multiannual Financial Framework (MFF), of €1,082.5 billion for the period 2014–2020, representing 1.02% of the EU-28's GNI. [48]The overall budget for the period 2021-2027 is of €1.8 trillion combining the MFF of €1,074.3 billion with an extraordinary recovery fund of €750 billion, known as Next Generation EU, to support member states hit by the ...
In recent years, Romania has ranked the lowest or second-lowest in the European Union by research and development spending as a percentage of GDP, standing at roughly 0.5% in 2016 and 2017, substantially below the EU average of just over 2%. [234] [235] The country joined the European Space Agency (ESA) in 2011, [236] and CERN in 2016. [237]
The European Union is at the forefront of international efforts to reduce greenhouse gas emissions and thus safeguard the planet's climate. Greenhouse gases (GHG) – primarily carbon dioxide but also others, including methane and chlorofluorocarbons – trap heat in the atmosphere, leading to global warming.