GEB 3373 Lecture Notes - Lecture 44: European Economic Community, Weighted Voting, President Of The European Commission

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Document Summary

1957: treaty of rome establishes european economic community (eec) 1993: treaty of maastricht creates european union (eu), lays groundwork for euro. Today: 28 members, 19 in eurozone (use euro) Eu members are sovereign nations that have ceded certain powers to the union. Eu is intergovernmental government because it is a government comprised of national governments that still exercise sovereignty in many areas. > heads of state/government of each member state. Hapes eu"s politi(cid:272)al priorities a(cid:374)d poli(cid:272)(cid:455) age(cid:374)das. Decision usually based on consensus unless eu treaties require different voting rule. Composed of 28 representatives selected directly by and responsible to home governments. > rep. sent to meeting depends on issue at hand, e. g. , finance minister to deal with debt crisis, agricultural minister to deal with farm subsidies. Weighted voting system used for most decisions. > in proportion to pop. and economic importance. > new members, taxation, foreign/security policy, treaty amendments.

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