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Between 1993 and 2009, the European Union (EU) legally comprised three pillars. This structure was introduced with the Treaty of Maastricht on 1 November 1993, and was eventually abandoned on 1 December 2009 upon the entry into force of the Treaty of Lisbon, when the EU obtained a consolidated legal personality.
The European Semester of the European Union was established in 2010 as an annual cycle of economic and fiscal policy coordination. It provides a central framework of processes within the EU socio-economic governance. [ 1 ]
The political structure of the European Union (EU) is similar to a confederation, where many policy areas are federalised into common institutions capable of making law; the competences to control foreign policy, defence policy, or the majority of direct taxation policies are mostly reserved for the twenty-seven state governments (the Union ...
The European Communities (EC) were three international organizations that were governed by the same set of institutions.These were the European Coal and Steel Community (ECSC), the European Atomic Energy Community (EAEC or Euratom), and the European Economic Community (EEC), the last of which was renamed the European Community (EC) in 1993 by the Maastricht Treaty establishing the European Union.
European Union law is a system of rules operating within the 27 member states of the European Union (EU). It has grown over time since the 1952 founding of the European Coal and Steel Community , to promote peace, social justice, a social market economy with full employment , and environmental protection.
With about 445 million citizens, the EU generates an estimated 30% share (US$18.4 trillion in 2008) of the nominal gross world product. [6] The EU has seven principal decision-making bodies known as the Institutions of the European Union, while the adoption of laws and coordination of EU policies is the role of the Council of the European Union ...
The European Structural and Investment Funds (ESI Funds, ESIFs) are financial tools governed by a common rulebook, set up to implement the regional policy of the European Union, as well as the structural policy pillars of the Common Agricultural Policy and the Common Fisheries Policy. They aim to reduce regional disparities in income, wealth ...
The European Pillar of Social Rights Action Plan, [7] is an added document which transfers 20 principles laid down in 3 chapters into actions. It also contains goals for the EU to reach by 2030. 80% of the European population considers European Social Rights very important for their future. Targets are as follows: