Austria, Belgio, Bulgaria, Cipro, Croazia, Danimarca, Estonia, Finlandia, Francia, Germania, Grecia, Irlanda, Italia, Lettonia, Lituania, Lussemburgo, Malta, Paesi Bassi, Polonia, Portogallo, Repubblica Ceca, Romania, Slovacchia, Slovenia, Spagna, Svezia e Ungheria.
Frankfurt
current president: Christine Lagarde
countries that use Euro as their common currency
19 countries
convergence critieria
average inflation rate 1.5 percentage points lower than
in the 3 most virtuous states
deficit/GDP not higher than 3%
public debt/GDP not higher than 60%
other countries
not fulfill convergente criteria
special opt-outs for Sweden and Denmark
EU countries + Iceland, Norway, Liechtenstein
grant independence on certain aspects of law
(agriculture, fishing)
Treaty of Rome (1957)
EEC (European Economic Community)
Treaty of Maastricht (1992)
EU (European Union)
Treaty of Schengen (1992)
free circulation in the EU territory
follow common laws
EU Parliament
Legislative power
President + 14 Vice Presidents
5 years
Brussels, Strasbourg, Luxembourg
EU Commission
Executive power
5 years
Brussels
Court of Justice
Judiciary power
Luxembourg