BUSA 356 Lecture Notes - Lecture 9: United States Housing Bubble, Execution Unit, Freddie Mac

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The european union - facts: 28 member states, 490 million people, 7% of the world"s population, 30% of global gdp, 55% of combined worldwide official development assistance. Eu institutions: european commission: eu"s executive branch proposes legislation, manages union"s day-to-day business and budget, and enforces rules, council of the european union: eu"s main decision-making body, comprised of ministers of 27. Member states, representing member state"s point of view: european parliament: voice of the european citizens. Members are elected for five-year terms: european court of justice: eu judicial authority. Unlike the u. s. supreme court, the ecj can only deal with matters covered by the treaties: european central bank: main task is to maintain the euro"s purchasing power and thus price stability in the euro areas. The european unions gdp growth forecast shows that they have a more modest growth prediction than the united states.

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