ec-8 - -Decision making Community Style Supranational at...

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1/26/10 -Decision making, Community Style: Supranational at the EU level, but each nation has equal voices (in many cases, veto), seat at the table, regardless of size in Court of Justice -Start at Commission, then goes to Council of the EU and/or Parliament -Institutional Triangle: “co-decision” -The constitution is the set of treaties, signed by members, Court of Justice checks consistency with the constitution *Policy starts with the Commission, runs the budget Court of Justice: 27 judges, for each of the countries, six year terms -Court of First Instance: handles individual, firm cases (important for American business, ie Microsoft), “advocates-general” -Court of Auditor: Looks at EU budget -Parliament: only elected members (elected at national level, by people in one country), proportional to size, largest group is Christian Democrats, “spread the wealth” via meetings in Brussels and Strasbourg -Supervision: conducts hearings *The President of the Commission: Barrusso (Portugal) 2 nd term, 1 st term (2004)-turn of small country -Prime Ministers (Council) in secret session select a nominee, lately one of their own ----- Parliament hearing + vote -European Council: composed of Heads of State, with President and President of the Commission *President of the Council created by the Treaty of Lisbon in 2009, newly created position H. Van Rompuy, former Prime Minister of Belgium, 5 year term, stressing 2% economic growth, climate change is hard, devoted 132 mill euro to Haiti + 400 mill pledged 1/28/10 European Council – Van Rompuy + 27 Heads of State Council of the EU – 27 portfolio ministers in 10 configuration / Spain’s turn to be President -routine level – simple majority of the votes (345, need 173) -qualified majority – 255 votes minimum (out of 345, over 60%) (+) 62% of all population (for losing side) 310 mill inhabitants -unanimity- all 27 countries ECB – European Central Bank , independent of its creator, the EU, issues involving the Euro -testifies to Parliament Module 2 (Ch. 2) European economy (reliable sources like EU… .eu or reputable international organizations, like IMF or WB) -Big numbers 2008 GDP = $18.4 trillion ($1.84 x 10^13) – biggest ever on Earth (year before, $19 trillion, so recession’s impact on European economy) -population 500 million = 5 x 10^8 -per capita GDP = GDP/Population = approx $37,000/year vs. US 300 million pop., GDP = $15 trill, but per capita GDP (US) = $50,000/year, China’s GDP = $4 trill, per capita GDP = $3,300 (1.2 bill pop) -rich/poor GDP/capita large/small population
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Benchmarks: *below $30,000 considered poor *Large > 30 million -Big Six: Germany, Italy, France, UK, Poland, ? 2/2
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This note was uploaded on 04/19/2011 for the course ECON 200 taught by Professor Staff during the Winter '09 term at Indiana.

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ec-8 - -Decision making Community Style Supranational at...

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