ECON-1006EL Study Guide - Quiz Guide: European Central Bank, Budget Of The European Union, Deflation

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Functions: auditing revenues and expenditures of union institutions for legality and financial management, producing an annual report, assisting the council and european parliament in exercising control over the implementation of the eu budget. The european central bank, and the national central banks of member states constitute the. Its primary objective is maintaining price stability art. Functions: conducting the monetary policy of the union, together with national central banks of member states whose currency is the. Euro: exclusive power to authorize the issue of the euro. International law: to govern states, how they behave with each other. It is relatively young and continually developing, especially since ww2. There is no central enforcement or legislative system. It is created by states, for states and is enforced by them. International law affects in every day in usually unseen ways; environment, sea, human rights, the use of force by states, space etc.

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