National governments must follow macroeconomic directives set by the European Commission, the European Union's executive arm.
The European Commission, the European Union's executive arm, has proposed that uninsured depositors in failing banks should potentially face losses but not before 2018.
Drawing support from the European Commission, the Union for the Mediterranean, the European Bank for Reconstruction and Development (EBRD), the effort is intended to help fund pilot projects across the region that work towards the Mediterranean Solar Plan adopted in 2008.
FORBES: Europe Works To Preserve Mediterranean Green Promise
European Commission spokesman Jonathan Todd said the European Union executive would soon adopt a decision to allow the transfer of data to the United States under the agreed framework.
Amidst a series of downgrades to the euro zone economic forecasts by the European Commission, the governing body of the European Union on Wednesday actually raised its forecast for Poland's economic growth in 2008, to 5.4%, from 5.3%.
Yet it is the European Commission which decides if the European Union adopts the standard-setter's new rules.
"The rule of law, the democratic checks and balances and the independence of the judiciary are cornerstones of the European democracy and indispensable for mutual trust within the European Union, " the Commission warned.
This week, the European Commission produced proposals that would align bank regulation in the European Union with changes in the Basle committee's rules.
ECONOMIST: It is time for a more radical approach to banking regulation
The European Commission, the union's executive branch, pushed for a central role in raising and lending funds and found an ally in France.
From April 1st 2012 the European Citizens' Initiative (ECI) will allow petitioners in the European Union to propose legislation to the European Commission.
ECONOMIST: Direct democracy: Vox populi or hoi polloi? | The
WikiLeaks and DataCell had been planning to file a complaint Thursday with the European Union Commission against Visa, MasterCard, and the Danish payment processor Teller.
On Ms. Merkel's insistence, much of this week's summit will be taken up with discussions of proposals by the presidents of the European Council, European Commission, ECB and Eurogroup for banking, fiscal and political union.
"The European Commission, the European Parliament, the European clubs, leagues and players' union have all been fully supportive of FFP and have on many occasions commented positively on this UEFA initiative, " said the European governing body in a statement to CNN.
The European Commission should only propose union-wide legislation that was "necessary and proportionate", Mr Blunt said.
However, the deal has been awaiting approval by regulatory authorities around the world and, earlier this week, received approval from the European Union Competition Commission.
That's not a spectacle likely to reassure the ten countries that were told by the European Commission on October 9th that they can plan on being invited to join the European Union (EU) in 2004.
Nor is there any independent agency, akin to the European Union's commission, to adjudicate disputes between members.
The Commission agreed and the European Union's Council of Finance Ministers adopted the proposal in January 2013.
BBC: Financial transaction tax tabled by European Commission
Lord Kinnock, a former vice-president of the European Commission, said the public had not been properly informed about the European Union by their governments.
BBC: NEWS | UK | UK Politics | UK faces 'profound' EU questions
"We're studying the compatibility of these decisions with the international laws of competition, together with our concerned partners, especially the European Union and the European Commission, " a spokesman said.
Later this year the European Commission is expected to begin negotiating 'open skies' deals with non-European Union countries on behalf of all EU governments.
In its latest progress report on Poland's fitness to join the European Union, which it hopes to do next year, the European Commission scolded Warsaw for not doing enough to tackle graft, especially in the police and border-guard services.
Last month the Commission wrote to 24 of the European Union's 27 member states, spelling out how each is infringing European railway directives and threatening proceedings.
The deal, which is expected to be completed early next year, is conditional upon successful completion of a bond offer, European Union approval and Kansas State Commission consent.
The thing about a formal banking union for the eurozone, of the sort recommended by Jose Manuel Barroso, President of the European Commission, is that it is a covert or backdoor form of fiscal union (see today's FT for more on this).
Roelie Post, who as a European Commission official dealt with adoption in the run-up to Romania's entry to the European Union, has written a book on her experience of dealing with what she sees as a powerful adoption lobby that preys on weak and poor countries.
Both the French government, which currently holds the rotating European Union presidency, and the European Commission's transport directorate are pressing for strict laws to exclude old ships from European ports.
If at least two member states declare national emergencies, the European Commission would be allowed to declare a "Union emergency", and would have to ensure joint action with relevant non-EU countries and co-ordination of national measures.
"The investigation will determine whether the product under investigation originating in the country concerned is being dumped and whether the dumped imports have caused injury to the Union industry, " the European Commission said in a statement.
BBC: China solar panel imports investigated by European Union
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