European Monetary Union and Economic Policies
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Questions and Answers

What is the primary objective of the European Central Bank (ECB)?

  • Promote economic growth
  • Facilitate member state bargaining
  • Maintain price stability (correct)
  • Support labor market mobility

    • Which condition is NOT part of the Optimal Currency Area (OCA) theory?

  • Flexible transfer payments
  • Economic integration between countries
  • High labor market mobility
  • Common political union (correct)

    • What theory suggests that the EMU's acceptance could create a self-fulfilling prophecy regarding the OCA?

  • Monetarist theory
  • Classical OCA theory
  • Intergovernmental theory
  • Endogenous OCA theory (correct)

    • Which stage comes directly before the establishment of a Monetary Union in the development of the Economic and Monetary Union (EMU)?

    <p>Economic union</p> Signup and view all the answers

    What is one key argument against the EMU in relation to the Optimal Currency Area?

    <p>Countries do not have sufficient labor market mobility.</p> Signup and view all the answers

    What was a major concern that led to the rejection of the European Defense Community (EDC)?

    <p>Countries were hesitant to lose their military autonomy.</p> Signup and view all the answers

    What was one of the primary motivations for Macron's recent interest in a European Army?

    <p>Concerns regarding Russian aggression and US political instability.</p> Signup and view all the answers

    What significant development occurred in the European Economic Community (EEC) in 1968?

    <p>The implementation of a customs union.</p> Signup and view all the answers

    How did the European Economic Community (EEC) impact economic conditions for several countries?

    <p>It led to a boom in trade and improvements in quality of life.</p> Signup and view all the answers

    Which of these countries was NOT a member of the Western European Union (WEU) formed in 1955?

    <p>Ireland</p> Signup and view all the answers

    What was a major event that marked the end of the Cold War in 1989?

    <p>Fall of the Berlin Wall</p> Signup and view all the answers

    What did Margaret Thatcher do on March 25, 1990, regarding German reunification?

    <p>Hosted a discussion at Chequers</p> Signup and view all the answers

    According to André Szász, how is the European Monetary Union (EMU) seen in relation to German reunification?

    <p>As a French demand and a German concession</p> Signup and view all the answers

    Which of the following accurately describes the relationship between German unification and the Euro?

    <p>German unification and Euro were parallel processes</p> Signup and view all the answers

    What were the three pillars of the European Union established in the early 1990s?

    <p>EEC, Euratom, and ECSC</p> Signup and view all the answers

    What was the significance of the Maastricht Treaty for the United Kingdom?

    <p>The UK opted out of the third stage of the EMU</p> Signup and view all the answers

    What do the Copenhagen Criteria determine for prospective EU members?

    <p>Eligibility for EU membership</p> Signup and view all the answers

    What characterized the structure of the European Community (EC) post German reunification?

    <p>A tendency towards German dominance, especially in monetary policy</p> Signup and view all the answers

    What is the main focus of the issue voting approach in the context of elections?

    <p>EU preferences and minor party identity</p> Signup and view all the answers

    Which political group is historically in a 'grand coalition' with the European People's Party (EPP)?

    <p>Socialists &amp; Democrats (S&amp;D)</p> Signup and view all the answers

    Which political group in the European Parliament is recognized as the largest?

    <p>EPP</p> Signup and view all the answers

    What was the percentage of seats held by the radical left in the 2024-2029 elections?

    <p>46</p> Signup and view all the answers

    Which statement about the far right parties is correct based on their 2024-2029 projections?

    <p>They are consolidating power in several major countries.</p> Signup and view all the answers

    What does the term 'Patriots for Europe' refer to?

    <p>A group favoring a Europe of nations and far-right policies.</p> Signup and view all the answers

    Which of the following is a characteristic of the ECR (European Conservatives and Reformists)?

    <p>They advocate for an alternative European agenda.</p> Signup and view all the answers

    What are the primary institutions involved in the European Union?

    <p>European Parliament, European Commission, European Council</p> Signup and view all the answers

    What should be expected in the European Parliament's overall political alignment post-2024 elections?

    <p>A gradual movement to the right.</p> Signup and view all the answers

    What significant change did Roberta Metsola achieve upon becoming EP President?

    <p>Youngest EP President</p> Signup and view all the answers

    Which event marked the first EP elections?

    <p>1979</p> Signup and view all the answers

    What was one of the primary goals of Coudenhove-Kalergi's Pan-Europa Plan?

    <p>Countering the spread of communism</p> Signup and view all the answers

    Which political group is expected to hold around one-third of the seats in the current European Parliament?

    <p>Far-right parliament members</p> Signup and view all the answers

    What is a significant power that the European Parliament holds?

    <p>Amending and rejecting Commission proposals</p> Signup and view all the answers

    When were the hearings of the European commissioner candidates scheduled to take place in 2024?

    <p>November 4-9</p> Signup and view all the answers

    What was an impact of the Great Depression on European countries?

    <p>Rise of isolation and economic nationalism</p> Signup and view all the answers

    What year did the Council of Europe officially establish?

    <p>1949</p> Signup and view all the answers

    What was one of the main objectives of the Briand Plan in the 1930s?

    <p>Promoting European political integration</p> Signup and view all the answers

    What is a requirement for a political group to be formed in the European Parliament (EP)?

    <p>A minimum of 23 MEPs is needed to create a group</p> Signup and view all the answers

    Which statement best describes the role of committees in the European Parliament?

    <p>Committees serve as a repository for policy expertise and discussion of legislation</p> Signup and view all the answers

    What has been a significant trend in voter turnout for EP elections from 1979 to 2024?

    <p>Decrease from 61.99% in 1979 to less than 50% before 2019</p> Signup and view all the answers

    Who is the current President of the European Parliament, and since when has she been in office?

    <p>Roberta Metsola since 2022</p> Signup and view all the answers

    What challenge is posed by the legislative process involving Trilogues?

    <p>It can lead to a lack of transparency despite increased efficiency</p> Signup and view all the answers

    How has the EP attempted to improve its legitimacy among EU citizens?

    <p>By calling for increased power and democratic credentials</p> Signup and view all the answers

    Which of the following is a point of criticism regarding EP elections?

    <p>National parties dominate campaign discussion</p> Signup and view all the answers

    What is one reason for the decline in voter turnout in EP elections since 1999?

    <p>Perception of EP elections as secondary to national elections</p> Signup and view all the answers

    What is the primary function of the Plenary in the European Parliament?

    <p>To serve as the final authority on legislative reports</p> Signup and view all the answers

    Which group is considered the largest political group in the European Parliament?

    <p>European People's Party (EPP)</p> Signup and view all the answers

    Study Notes

    EU Institutions

    • The European Union has various institutions, each with specific roles.
    • The European Commission proposes legislation, manages, and implements EU policies.
    • The European Council outlines the EU's general political direction and priorities.
    • The European Parliament represents the people of the EU.
    • The European Court of Justice ensures the proper application of EU law.
    • The European Central Bank manages the eurozone's monetary policy.

    History of European Integration

    • Post-WWII, there was a drive towards European unity.
    • The European Coal and Steel Community (ECSC) was a precursor to the EU.
    • The Treaty of Rome (1957) established the European Economic Community (EEC).
    • The Single European Act (1986) promoted the completion of the single market.
    • Later treaties furthered integration, notably with the Maastricht Treaty (1992) and the Treaty of Lisbon (2007).

    European Integration Models

    • Supranationalism: Focuses on supranational institutions and bodies.
    • Intergovernmentalism: Focuses on the cooperation and bargains between national governments.

    Democratic Deficit

    • Concerns are raised about the democratic legitimacy of the EU.
    • The lack of direct democratic accountability at the EU level raises tensions.

    EU Foreign Policy

    • The EU has a history of foreign policy engagement, evolving from cooperation to various forms.
    • The EU has become more assertive in foreign policy, though facing some criticism.

    EU Enlargement

    • The EU has expanded significantly over time.
    • Criteria for accession include robust democratic processes and functioning economies.
    • Enlargements present challenges including economic and political integration.

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    European Integration and Democracy Exam Notes PDF

    Description

    Test your knowledge on the European Central Bank, the Optimal Currency Area theory, and the Economic and Monetary Union. This quiz covers key developments and challenges in European economic integration, including the establishment of a Monetary Union and the historical context of European defense initiatives.

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