Euro

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ISO 4217 code: EUR (num. 978) Central bank: European Central Bank Official users: Eurozone (18), Outside the EU (9) Unofficial users: 3 other users Inflation: 0.8%, January 2014, Method HICP Pegged by 9 currencies Subunit: 1/100, cent Actual usage varies … Read More

Economy of the European Union

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Currency 1 Euro (€) = 100 cents Other currencies in member states: Bulgarian lev, Czech koruna, Danish krone, Hungarian forint, Latvian lats, Lithuanian litas, Polish złoty, Romanian leu, Swedish krona, British Pound sterling Statistics GDP ranking 1st (2011) GDP (Nominal) … Read More

European Commission

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Status EU institution Role Executive cabinet Established 1958 Current college Barroso Commission President José Manuel Barroso First Vice-President Catherine Ashton Vice-Presidents Viviane Reding, Joaquín Almunia, Siim Kallas, Neelie Kroes, Antonio Tajani, Maroš Šefčovič Total members Twenty-seven Working languages English, French, … Read More

European Parliament

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The European Parliament (EP) is the parliamentary body of the European Union (EU) members, elected by direct universal suffrage. It shares with the Council of the European Union the legislature of the European Union. The Parliament is composed of 766 … Read More

Agreement reached between EC President and 3 opposition leaders in Ukraine

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STATEMENT, by EU High Representative Catherine Ashton on agreement reached between President and 3 opposition leaders in Ukraine Brussels, 21 February 2014 The High Representative of the European Union for Foreign Affairs and Security Policy and Vice President of the … Read More

Hindus want Europe to “wholeheartedly” welcome Roma from Romania & Bulgaria

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Hindus want Europe to welcome Roma brothers and sisters with open arms if they decide to migrate fleeing discrimination and poverty in Romania and Bulgaria.    Hindu statesman Rajan Zed, in a statement in Nevada (USA) today, said that since … Read More

Essential principles for the implementation with the Single Supervisory Mechanism in EU

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One of several situations for the success on the Single Supervisory Mechanism is that it guarantees a genuinely European point of view. It is a myth that politically protected banks or banking structures or “national champions” have been within the … Read More

European Council

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Formation: 1961 (informally), 2009 (formally) Type: EU collective presidency Location: Justus Lipsius building, Brussels President: Herman Van Rompuy The European Council is the Summit of the Heads of State or Heads of Government of the Member States of the European … Read More

Killing net neutrality

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For the past years, EU Commissioner Neelie Kroes, who started by advocating for net neutrality, has constantly given in to the pressure of large telecom companies, changing her direction from protecting net neutrality to threatening it. The current draft Regulation … Read More

European Council Presidency

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Until December 31 2009, the European Council Presidency was attributed to the executive of each State member of the Union for six months to turn. It was a rotating presidency synchronized with the Council of Ministers. The Presidency changes were … Read More

European Commission for a Directive on collective management and related rights

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The proposal from the European Commission for a Directive on collective management and related rights and multi-territorial licensing of rights in musical works for online uses in the internal market (hereafter Collective Rights Management Directive) was a good start to … Read More

Documents you need to travel in European Union

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For EU citizens Passport or identity card There are no longer any frontier controls in the borders involving 22 EU countries. This is because of the Schengen rules which are a part of EU law. These rules remove all internal … Read More

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