European Council

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European Council,

institution of the European UnionEuropean Union
(EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community (EC), an economic and political confederation of European nations, and other organizations (with the same member nations)
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 (EU) responsible for defining the EU's general political direction and priorities. It is composed of an elected president (who serves a two-and-a-half-year term), the heads of government of the EU nations, and the president of the European CommissionEuropean Commission
(EC), institution of the European Union (EU) invested with executive powers; it also is the main EU institution that initiates legislation. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the
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; the High Representative for Foreign Affairs and Security Policy also takes part in its work, and the government heads and Commission president may be assisted by government ministers and a Commission member, respectively, in specialized discussions. It meets at least twice every six months.

Meetings of the European Council have from its beginnings often emphasized political as well as economic cooperation among EU nations; for example, the impetus for the move to have the members of the European ParliamentEuropean Parliament,
an institution of the governing body of the European Union (EU). It convenes on a monthly basis in Strasbourg, France; most meetings of the separate parliamentary committees are held in Brussels, Belgium, and its Secretariat is located in Luxembourg.
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 elected directly by universal suffrage came out of an agreement reached at the first meeting of the European Council in 1974. The council was given legal definition by the Single European Act (1987) and became an official instituion of the EU with the ratification (2009) of the Lisbon Treaty.

References in periodicals archive ?
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Early this week global grounds continued winning back the results of the European summit. Markets also were accounting the expectations of ECB reducing the base rate on nearest Thursday and that should return the economy of the Eurozone to growth.
Prime Minister Tony Blair yesterday came under renewed pressure to sacrifice more of Britain's EU budget rebate as part of a financial deal at the European summit this week.
18 to 20--CoreNet Global will hold its fourth annual European Summit, entitled "Real Estate at the Speed of Business?" in Madrid Spain.
Remarks made by the Labour PM at Heathrow airport on returning from a European summit gave rise to the infamous 'Crisis?
Tony Blair, at a European summit in Copenhagen, refused to answer questions on the matter saying: "I'm going to carry on concentrating on things that matter."
The heated discussion came at the European summit in Brussels last week.
At the last European summit held in Belgium he said, "No explicit mention was made of communities of religious believers."
At the end of the European summit in Seville, Spain, Blair said: "This does not in any way cut across our assistance to development aid in those countries.
Business Intelligence presents the Balanced Scorecard European Summit 2001, led by founders of the Balanced Scorecard Drs.
TONY BLAIR was today in Finland for a European summit designed to tackle illegal immigration and cross-border crime.

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