Easy to understand summary of The Business Dimension of Europe including material from ALL lectures and extra information alongside additional pictures and graphs to better understand the study material. Based on information from all lectures and the book Business Essentials to create a perfect ove...
2002
Copenhagen
summit
agrees
to
a
big
enlargement
of
10
new
countries
2004
Ten
new
members:
Cyprus,
Czech
Republic,
Estonia,
Hungary,
Latvia,
Lithuania,
Malta,
Poland,
Slovakia,
and
Slovenia
2007
Bulgaria
and
Romania
join
the
EU
2013
Croatia
joins
on
1st
of
July
Figure
3:
candidate
countries
and
potential
candidates
, The
treaties:
1952
The
European
Coal
and
Steel
Community
1958
The
treaties
of
Rome:
• The
European
Economic
Community
• The
European
Atomic
Energy
Community
(EURATOM)
1987
The
European
Single
Act:
the
Single
Market
1993
Treaty
of
European
Union
–
Maastricht
1999
Treaty
of
Amsterdam
2003
Treaty
of
Nice
2009
Treaty
of
Lisbon
In
2008
there
was
a
worldwide
financial
crisis,
which
started
in
the
US,
and
there
was
a
coordinated
response
from
European
leaders:
• Commitment
to
the
euro
and
to
financial
stability
• New
crisis
management
tools
and
reforms
of
rules
o European
Stability
Mechanism:
fund
to
help
countries
in
extraordinary
economic
difficulties
o New
laws
for
stability
of
banks
o Banking
Union:
EU-‐wide
supervision
of
banks
and
a
mechanism
to
close
down
failing
banks
• Better
economic
governance
o European
Semester:
annual
procedure
to
coordinate
public
budgets
o Euro+
pact
(fiscal
compact
treaty):
mutual
commitment
to
sound
public
finances
The
growth
of
Europe
2010
EU
leaders
agreed
on
overall
strategy
yo
get
out
of
the
economic
crisis
by
means
of:
• Smart
growth
o Better
education,
more
research,
greater
use
of
communication
technologies
• Sustainable
growth
o A
resource
efficient,
greener
and
more
competitive
economy
• Inclusive
growth
o More
and
better
jobs,
investment
in
skills
and
training,
modernisation
of
the
labour
market
and
welfare
systems,
spreading
the
benefits
of
growth
to
all
parts
of
the
EU
• Good
economic
governance
o Better
coordination
of
economic
policy
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