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European Parliament Special Committee On The Financial, Economic And Social Crisis
The Special Committee on the Financial, Economic and Social Crisis (CRIS) was a special committee of the European Parliament. It was created in October 2009 to assess the fallout from the great financial crisis and make recommendations to prevent a similar upheaval.http://www.euractiv.com/financial-services/parliament-opens-enquiry-financial-crisis/article-186444 A significant resolution was adopted in October 2010. It is codified in what is known as a mid-term report, however, because the mandate was extended to July 2011. Then, a final resolution was adopted. The work of the committee is important in relation to drafting policy in the areas of EU financial supervision and governance, in the context of the European sovereign debt crisis. Members See also * Wall Street and the Financial Crisis: Anatomy of a Financial Collapse * European System of Financial Supervisors * Committees of the European Parliament References External links CRIS' official webpageThe CRIS final rep ...
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Committee
A committee or commission is a body of one or more persons subordinate to a deliberative assembly. A committee is not itself considered to be a form of assembly. Usually, the assembly sends matters into a committee as a way to explore them more fully than would be possible if the assembly itself were considering them. Committees may have different functions and their types of work differ depending on the type of the organization and its needs. A member of a legislature may be delegated a committee assignment, which gives them the right to serve on a certain committee. Purpose A deliberative assembly may form a committee (or "commission") consisting of one or more persons to assist with the work of the assembly. For larger organizations, much work is done in committees. Committees can be a way to formally draw together people of relevant expertise from different parts of an organization who otherwise would not have a good way to share information and coordinate actions. They may ...
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European Parliament
The European Parliament (EP) is one of the 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. The Parliament is composed of 705 members (MEPs). It represents the second-largest democratic electorate in the world (after the Parliament of India), with an electorate of 375 million eligible voters in 2009. Since 1979, the Parliament has been directly elected every five years by the citizens of the European Union through universal suffrage. Voter turnout in parliamentary elections decreased each time after 1979 until 2019, when voter turnout increased by eight percentage points, and rose above 50% for the first time since 1994. The voting age is 18 in all EU member states except for Malta and Austria, where it is 16, and Greece, where it is 17. Although the E ...
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European System Of Financial Supervisors
The European System of Financial Supervision (ESFS) is the framework for financial supervision in the European Union that has been in operation since 2011. The system consists of the ''European Supervisory Authorities'' (ESAs), the European Systemic Risk Board, the Joint Committee of the European Supervisory Authorities, and the national supervisory authorities of EU member states. It was proposed by the European Commission in 2009 in response to the financial crisis of 2007–08. There are three European Supervisory Authorities (ESAs). They are responsible for microprudential oversight at the European Union level: * The European Banking Authority (EBA) in Paris; * The European Securities and Markets Authority (ESMA) in Paris; and * The European Insurance and Occupational Pensions Authority (EIOPA) in Frankfurt. To complement these authorities, the European Systemic Risk Board (ESRB) is responsible for macroprudential oversight across the European Union. It includes representat ...
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Treaties Of The European Union
The Treaties of the European Union are a set of international treaties between the European Union (EU) member states which sets out the EU's constitutional basis. They establish the various EU institutions together with their remit, procedures and objectives. The EU can only act within the competences granted to it through these treaties and amendment to the treaties requires the agreement and ratification (according to their national procedures) of every single signatory. Two core functional treaties, the Treaty on European Union (originally signed in Maastricht in 1992, aka The Maastricht Treaty) and the Treaty on the Functioning of the European Union (originally signed in Rome in 1957 as the Treaty establishing the European Economic Community, aka The Treaty of Rome), lay out how the EU operates, and there are a number of satellite treaties which are interconnected with them. The treaties have been repeatedly amended by other treaties over the 65 years since they were first si ...
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European Sovereign Debt Crisis
The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, is a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s. Several eurozone member states (Greece, Portugal, Ireland, Spain, and Cyprus) were unable to repay or refinance their government debt or to bail out over-indebted banks under their national supervision without the assistance of third parties like other eurozone countries, the European Central Bank (ECB), or the International Monetary Fund (IMF). The eurozone crisis was caused by a balance-of-payments crisis, which is a sudden stop of foreign capital into countries that had substantial deficits and were dependent on foreign lending. The crisis was worsened by the inability of states to resort to devaluation (reductions in the value of the national currency) due to having the Euro as a shared currency. Debt accumulation in some eurozone members was in part due t ...
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Wolf Klinz
Wolf Klinz (born 13 September 1941 in Vienna) is a German politician. He served as a Member of the European Parliament (MEP) with the Free Democratic Party of Germany (FDP), part of the Alliance of Liberals and Democrats for Europe (ALDE), from 2004 until 2014 and from 2017 until 2019. Early life and education Born in Vienna to an Austrian mother and a German father, Klinz holds dual citizenship. Klinz studied economics and business administration in Paris, Madrid, Berlin and Vienna. He graduated with an M.Com in 1963 from the Hochschule für Welthandel (now Vienna University of Economics and Business), a PhD in 1965, and an MBA from INSEAD, Fontainebleau, in 1966. Career in business Klinz was a Partner with McKinsey & Company in the United Kingdom, Germany and France. Subsequently, he served as a Member of the Executive Board of a Swiss Corporation. After German reunification he joined for the Executive Board of Treuhandanstalt, the German Government's agency for privatisation o ...
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Pervenche Berès
Pervenche Berès (born 10 March 1957 in Paris) is a French politician was a Member of the European Parliament for the Île-de-France until 2019. She is a member of the Socialist Party; part of the Party of European Socialists. On 28 July 2004, Berès was elected Chair of the Committee on Economic and Monetary Affairs. She was the rapporteur of the Special Committee on the Financial, Economic and Social Crisis (CRIS). Personal life In 1995, she survived a near fatal traffic accident but lost half of her face, which was reconstructed by plastic surgery Plastic surgery is a surgical specialty involving the restoration, reconstruction or alteration of the human body. It can be divided into two main categories: reconstructive surgery and cosmetic surgery. Reconstructive surgery includes cranio .... References 1957 births Living people Socialist Party (France) MEPs MEPs for France 1999–2004 MEPs for Île-de-France 2004–2009 MEPs for Île-de-France 2009–2014 ...
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Rapporteur
A rapporteur is a person who is appointed by an organization to report on the proceedings of its meetings. The term is a French-derived word. For example, Dick Marty was appointed ''rapporteur'' by the Parliamentary Assembly of the Council of Europe to investigate extraordinary rendition by the CIA. Rapporteur of the European Parliament The ''rapporteur'' is an eminent role in the legislative process of the European Parliament (EP). They are a Member of the European Parliament (MEP) responsible for handling a legislative proposal – both procedurally and with regard to its substance – on behalf of the European Commission, the Council of the European Union or the EP. Based on the relevant proposal, the ''rapporteur'' is appointed by the relevant Committees of the European Parliament charged with drawing up a legislative recommendation for the EP to vote on. The ''rapporteur'', therefore, has a substantial influence in the process leading to the adoption of EU-legislation. Their ...
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Stephan Paul
Stephan may refer to: * Stephan, South Dakota, United States * Stephan (given name), a masculine given name * Stephan (surname), a Breton-language surname See also * Sankt-Stephan * Stefan (other) * Stephan-Oterma * Stephani * Stephen (other) * von Stephan Ernst Heinrich Wilhelm von Stephan (born Heinrich Stephan, January 7, 1831 – April 8, 1897) was a general post director for the German Empire who reorganized the German postal service. He was integral in the founding of the Universal Postal Un ...
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Consultant
A consultant (from la, consultare "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice and other purposeful activities in an area of specialization. Consulting services generally fall under the domain of professional services, as contingent work. A consultant is employed or involved in giving professional advice to the public or to those practicing the profession. Definition and distinction The Harvard Business School provides a more specific definition of a consultant as someone who advises on "how to modify, proceed in, or streamline a given process within a specialized field". In his book, ''The Consulting Bible'', Alan Weiss defines that "When we onsultantswalk away from a client, the client's conditions should be better than it was before we arrived or we've failed." There is no legal protection given to the job title 'consultant'.Consultancy.ukWhat is a consultant? accessed 29 June 2021 S ...
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Anatomy Of A Financial Collapse
Anatomy () is the branch of biology concerned with the study of the structure of organisms and their parts. Anatomy is a branch of natural science that deals with the structural organization of living things. It is an old science, having its beginnings in prehistoric times. Anatomy is inherently tied to developmental biology, embryology, comparative anatomy, evolutionary biology, and phylogeny, as these are the processes by which anatomy is generated, both over immediate and long-term timescales. Anatomy and physiology, which study the structure and function of organisms and their parts respectively, make a natural pair of related disciplines, and are often studied together. Human anatomy is one of the essential basic sciences that are applied in medicine. The discipline of anatomy is divided into macroscopic and microscopic. Macroscopic anatomy, or gross anatomy, is the examination of an animal's body parts using unaided eyesight. Gross anatomy also includes the branch of su ...
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