EU's economic ranking?
Third largest economy globally.
European Union — definition?
A political and economic union of European countries.
Single Market — purpose?
Facilitates free movement of goods, services, people, capital.
European Parliament — role?
Represents citizens and shares legislative power.
European Commission — composition?
27 Commissioners, one from each member state.
High Representative — main role?
Oversees EU's foreign and security policy.
Court of Justice — function?
Ensures uniform EU law application.
European Court of Auditors — role?
Audits EU budget revenue and expenditure.
Treaty of Rome — year?
1957.
Maastricht Treaty — year?
1992.
Harmonisation — meaning?
Aligning rules and standards across member states.
Qualified Majority Voting — threshold?
55% of states, 65% of population.
European Central Bank — function?
Conducts monetary policy for eurozone.
European Court of Auditors — purpose?
Audits EU finances and provides opinions.
European Parliament — election?
Directly elected by EU citizens.
European Commission — initiative?
Has exclusive right to propose EU legislation.
Answer 8 questions on European Union: Foundations and Institutions.
1. How does the European Union's level of economic integration compare to its overall economic size?
2. What is a key feature of the European Coal and Steel Community (ECSC) established in 1951?
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