Cryptocurrency
Schengen Area
Schengen Area
The Schengen Area is an agreement between a group of countries in Europe that have abolished their internal borders, allowing for the free movement of people within the area. It was established by the Schengen Agreement in 1985. The countries within the Schengen Area have implemented a common visa policy, which means that passport control […]
PIIGS (Portugal, Ireland, Italy, Greece and Spain)
PIIGS is an acronym that stands for Portugal, Italy, Ireland, Greece, and Spain. It refers to a group of European Union member countries that experienced significant economic challenges following the global financial crisis of 2008. These countries share common characteristics such as high levels of public debt, low economic growth rates, high unemployment, and […]
Governing Council
The Governing Council of the European Central Bank (ECB) is the highest decision-making body of the ECB. The ECB is responsible for important tasks such as determining and implementing monetary policy in the Eurozone. Here is more detailed information about the Governing Council of the European Central Bank: Members: The Governing Council includes the […]
Eurozone
The Eurozone, also known as the Euro area, is a monetary union of 19 European Union (EU) member countries that have adopted the Euro as their official currency. It is a subset of the EU and consists of countries that have chosen to use the Euro as their common currency. The 19 Eurozone member […]
European Union (EU)
The European Union (EU) is a political and economic union of 27 member countries located primarily in Europe. It was established with the aim of promoting peace, stability, and economic prosperity among its member states. Here are some key details about the EU: Establishment: The EU traces its origins back to the aftermath of […]
European Parliament
The European Parliament is the directly elected legislative body of the European Union (EU). It represents the citizens of the EU member states and has the power to pass laws, approve the EU budget, and oversee the work of the EU institutions. Here are some key details about the European Parliament: Composition: The […]
European Free Trade Association (EFTA)
The European Free Trade Association (EFTA) is an intergovernmental organization established in 1960. Here is some detailed information about EFTA: Objectives: The main objective of EFTA is to promote free trade and economic integration among its member states. It aims to facilitate trade by eliminating tariffs and other trade barriers, thus creating a free […]
European Economic Area (EEA)
The European Economic Area (EEA) is an economic integration area that extends the European Union (EU) single market to include non-EU member states. Here is more detailed information about the EEA: Establishment: The EEA was established through the Agreement on the European Economic Area, which was signed in 1992 and came into effect in […]
European Currency Unit (ECU)
The European Currency Unit (ECU) was a basket currency used as a unit of account in the European Economic Community (EEC) and later in the European Union (EU). Here is some detailed information about the ECU: Establishment: The ECU was established in 1979 as a precursor to the euro. It was created to facilitate […]
European Commission
The European Commission is the executive branch of the European Union (EU) and is responsible for implementing EU policies, drafting EU laws, managing the EU budget, and defending the general interests of the EU. Here is more detailed information about the European Commission: Establishment: The European Commission was established with the signing of the […]
