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In March 2011, the European Parliament approved the treaty amendment after receiving assurances that the European Commission, rather than EU states, would play 'a central role' in running the ESM. [324] [325] The ESM is an intergovernmental organisation under public international law. It is located in Luxembourg. [326] [327]
Originally, national members of Parliament (MPs) were appointed to the European Parliament (EP) as Member of the European Parliament (MEPs). In 1979 the first direct elections were held, however national MPs still tended to contest these leading to them holding a "dual mandate". As the work load of an MEP increased, the number of MEPs who were ...
Danish state bankruptcy of 1813 [2] France: 1788: On 17 August 1788, the royal treasury began paying creditors in IOUs rather than money after service on debt (mainly from the Seven Years' War and American War of Independence) had depleted the royal treasury to just 400,000 livres (one day's worth of state expenses).
From late 2009, fears of a sovereign debt crisis in some European states developed, with the situation becoming particularly tense in early 2010. [1] [2] Greece was most acutely affected, but fellow Eurozone members Cyprus, Ireland, Italy, Portugal, and Spain were also significantly affected.
The term Troika has been widely used in Greece, Cyprus (Greek: τρόικα), [1] [2] Ireland, [3] Portugal, [4] and Spain [5] to refer to the consortium of the European Commission, the European Central Bank and the International Monetary Fund that provided a bailout to these states since 2010, and the financial measures and government policies that the three institutions have demanded to be ...
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The European Parliament (EP) is one of the two legislative bodies of the European Union and one of its seven institutions.Together with the Council of the European Union (known as the Council and informally as the Council of Ministers), it adopts European legislation, following a proposal by the European Commission.
It doesn't look to be going well for General Motors' management in Europe. Earlier this week, GM Vice Chairman Steve Girsky kicked off a return to negotiations with German labor leaders by ...