What is the political structure of the European Union?

The EU is governed by the principle of representative democracy, with citizens directly represented at EU level in the European Parliament and Member States represented in the European Council and the Council of the EU.

What is the difference between the European Union and the Council of Europe?

Focusing on those core values, the Council of Europe brings together governments from across Europe – and beyond – to agree minimum legal standards in a wide range of areas. The European Union refers to those same European values as a key element of its deeper political and economic integration processes.

What is the structure of European monetary system?

EMS consists of three interrelated elements, each building on al- ready existing Community structures: (1) an arrangement for linking exchange rates, (2) a projected European Monetary Fund, and (3) a system of credit facilities for mutual payments support. 1. The exchange-rate arrangement.

What is the difference between the EU and the EMU?

Launched in 1992, EMU involves the coordination of economic and fiscal policies, a common monetary policy, and a common currency, the euro. Whilst all 27 EU Member States take part in the economic union, some countries have taken integration further and adopted the euro.

What is the difference between union and Council?

Trade unions are collective bargaining parties and negotiate collective agreements with individual employers or the employers’ association of an industry. Works councils and staff councils represent the employees of a company.

What is the difference between HRA and ECHR?

The ECHR is an international treaty the UK signed in 1950. States that signed up committed to upholding certain fundamental rights, such as the right to life, the right to a fair trial, and the right to freedom of expression. The HRA enables people to bring cases in UK courts in order to uphold their ECHR rights.

What are the main features of European monetary system?

The EMS comprised three principal elements: the European Currency Unit (ECU), the monetary unit used in EC transactions; the Exchange Rate Mechanism, ERM, whereby those member states taking part agreed to maintain currency fluctuations within certain agreed limits; and the European Monetary Cooperation Fund, which …

What is the difference between economic union and monetary union?

A currency union or monetary union is distinguished from a full-fledged economic and monetary union, in that they involve the sharing of a common currency but without further integration between participating countries.

When did economic and monetary union become an objective of the EC?

In June 1988 the European Council confirmed the objective of the progressive realisation of Economic and Monetary Union (EMU).

What is the relationship between India and the European Union?

The years 2018-19 witnessed further progress in the partnership with the EU presenting a new vision in 2018 to strengthen the cooperation with India,’EU Strategy for Relations with India’, placing emphasis on foreign policy and developing defence cooperation, promoting effective multilateralism and building on common values and objectives.

How big is the trade between the EU and India?

Trade in services between the EU and India reached €32.7 billion in 2020.The EU’s share in foreign investment inflows to India more than doubled from 8\% to 18\% in the last decade, making the EU the first foreign investor in India.

How many companies in India work for the European Union?

Close to 4,500 EU companies in India employ 6 million people (directly and indirectly). India’s rapid economic growth over the last decade has helped the country become the seventh largest by nominal GDP and fourth largest by purchasing power parity (PPP) globally.

Is the EU present on the ground in India?

The EU is present on the ground in India. Trade relations are part of the EU’s overall political and economic relations with India. India is a member of the World Trade Organisation. Last update: 07 May 2021 | Top of page.