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European Security And Defence Policy
The Common Security and Defence Policy (CSDP) is the European Union's (EU) course of action in the fields of defence and crisis management, and a main component of the EU's Common Foreign and Security Policy (CFSP). The CSDP involves the deployment of military or civilian missions to preserve peace, prevent conflict and strengthen international security in accordance with the principles of the United Nations Charter. Military missions are carried out by EU forces established with secondments from the member states' armed forces. The CSDP also entails collective self-defence amongst member states as well as a Permanent Structured Cooperation (PESCO) in which 25 of the 27 national armed forces pursue structural integration. The CSDP structure – headed by the Union's High Representative (HR/VP), Josep Borrell, and sometimes referred to as the European Defence Union (EDU) in relation to its prospective development as the EU's defence arm – comprises: *the European Commissi ...
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Coat Of Arms Of The European Union Military Staff
A coat typically is an outer garment for the upper body as worn by either gender for warmth or fashion. Coats typically have long sleeves and are open down the front and closing by means of buttons, zippers, hook-and-loop fasteners, toggles, a belt, or a combination of some of these. Other possible features include collars, shoulder straps and hoods. Etymology ''Coat'' is one of the earliest clothing category words in English, attested as far back as the early Middle Ages. (''See also'' Clothing terminology.) The Oxford English Dictionary traces ''coat'' in its modern meaning to c. 1300, when it was written ''cote'' or ''cotte''. The word coat stems from Old French and then Latin ''cottus.'' It originates from the Proto-Indo-European word for woolen clothes. An early use of ''coat'' in English is coat of mail (chainmail), a tunic-like garment of metal rings, usually knee- or mid-calf length. History The origins of the Western-style coat can be traced to the s ...
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History Of The Common Security And Defence Policy
This article outlines the history of the Common Security and Defence Policy (CSDP) of the European Union (EU), a part of the Common Foreign and Security Policy (CFSP). The post-war period saw several short-lived or ill-fated initiatives for European defence integration intended to protect against potential Soviet or German aggression: The Western Union and the proposed European Defence Community were respectively cannibalised by the North Atlantic Treaty Organisation (NATO) and rejected by the French Parliament. The largely dormant Western European Union (WEU) succeeded the Western Union's remainder in 1954. In 1970 the European Political Cooperation (EPC) brought about the European Communities' initial foreign policy coordination, which in turn was replaced by the newly founded EU's CFSP pillar in 1993. The WEU was reactivated in 1984 and given new tasks, and in 1996 NATO agreed to let it develop a European Security and Defence Identity (ESDI). The 1998 St. Malo declaration s ...
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Economic And Monetary Union Of The European Union
The economic and monetary union (EMU) of the European Union is a group of policies aimed at converging the economies of member states of the European Union at three stages. There are three stages of the EMU, each of which consists of progressively closer economic integration. Only once a state participates in the third stage it is permitted to adopt the euro as its official currency. As such, the third stage is largely synonymous with the eurozone. The euro convergence criteria are the set of requirements that needs to be fulfilled in order for a country to be approved to participate in the third stage. An important element of this is participation for a minimum of two years in the European Exchange Rate Mechanism ("ERM II"), in which candidate currencies demonstrate economic convergence by maintaining limited deviation from their target rate against the euro. The EMU policies cover all European Union member states. All new EU member states must commit to partici ...
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Banking Union
The banking union of the European Union is the transfer of responsibility for banking policy from the national to the EU level in several EU member states, initiated in 2012 as a response to the Eurozone crisis. The motivation for banking union was the fragility of numerous banks in the Eurozone, and the identification of vicious circle between credit conditions for these banks and the sovereign credit of their respective home countries ("bank-sovereign vicious circle"). In several countries, private debts arising from a property bubble were transferred to sovereign debt as a result of banking system bailouts and government responses to slowing economies post-bubble. Conversely, weakness in sovereign credit resulted in deterioration of the balance sheet position of the banking sector, not least because of high domestic sovereign exposures of the banks. As of mid-2020, the Banking union of the European Union largely consists of two main initiatives, the Single Supervisory Mechan ...
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Structure Of The Common Security And Defence Policy
This article outlines the present structure of the European Union's Common Security and Defence Policy (CSDP), a part of the Common Foreign and Security Policy (CFSP) based on articles 42–46 of the Treaty on European Union (TEU). Article 42.2 of TEU stat