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European Union
| Question | Answer |
|---|---|
| What are the four freedoms of the SEM? | There is free movement of goods, services, labour and capital throughout the EU |
| How many states now use the euro? | 18 |
| What is the name of the directly elected institution of the EU which serves in five year terms? | European Parliament |
| List three functions of the Parliament? | Debate and Pass Laws Scrutinize the Commission Debate the Budget |
| Who makes up the Council of the EU? | The relevant minister from each state |
| What are the functions of the Council of Ministers? | Pass Laws Pass Budget Develop common defence policies |
| Name the institution of the European Union that represents and upholds the interests of the EU as a whole. | European Commission |
| What are the functions of the Commission? | Draft Laws Draft Budget Enforce EU Laws |
| the deliberate effort to influence the decision making process by promoting a particular point of view? | Lobbying |
| A legal instrument that is binding only as to the results to be achieved, while leaving within prescribed limits the choice of means to be employed to the member states. | EU Directive |
| a legislative act of the EU which becomes immediately enforceable as law in all member states simultaneously. | EU Regulation |
| Promotes a fair standard of living for farmers | CAP |
| State two features of the CFP? | Conservation of fish stocks, Outlines access to fishing grounds, Marketing of fisheries products, grants for new equipment |
| It restricts Irish businesses from forming anti-competitive cartels or keeping prices artificially high or preventing newcomers from entering the market. | Competition Policy |
| Benefits of EU Membership to Ireland? | Free Trade -> expansion and economic development Attractive to FDI Grants (CAP, Regional Development funds) Euro - increases tourism |
| Benefits of SEM? | Free movement of labour - good during a shortage Free movement of goods - more choice for consumers Diversification Public Procurement Simplified administration |
| Challenges of SEM | Public Procurement Competition High Cost Base |
| Advantages of the Euro? | Tourism Less Expense - bank charges and exchange rate ECB rate low Transparency |
| Disadvantages of the Euro? | UK still use Sterling Loss of control because we can no longer set our own interest rates |
Created by:
jennymarshall
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