Business Terms and Jargon Explained

What is Pillars of the EU

Under the EU Treaty, the EU is founded on three "pillars".

The first pillar is effectively the EC as established by the EC Treaty, which covers policies in the social and economic spheres, including the Single Market, the environment, health and consumer protection and regional policy. Under the first pillar, decision-making usually involves the Commission, European Parliament and Council working together. Many of these decisions are taken on the basis of a qualified majority vote in the Council.

The second pillar is the Common Foreign and Security Policy (CFSP). Decisions under this pillar can only be taken by the Council and unanimity is required.

The third pillar covers Justice and Home Affairs. Decisions can only be taken by the Council, and many decisions require the Council to act unanimously.

Crown Copyright. Material taken from the DTI - Department for Trade and Industry. Reproduced under the terms and conditions of the Click-Use Licence.

<- Go Back
Business Terms Home page

Search Jargon and Terms Database

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z


Search Term   

Assurance Excise Duties Golden Rule
Cache Cheque Clearing N294 Civil Court form
PLN Network Address Translation - NAT Trade secret
Bank Reconciliation Blocked Input Tax Objective
Floatation Corporate Strategy Invoice
Customer Change Control Yankee market
Sub silentio Gazumping Rupiah
Ex rights Market Research De novo
Business Impact Trade discount Zip
Value added tax (VAT) Gain Traction Cipher
High Risk CAP Goods Aggregate Demand Zero Growth
Holding Companies Real Exchange Rate Arrangement Fee
Crown Copyright Waiver Ouguiya TAR

Term created / updated 2007-02-18 23:56:31

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.

Copyright © 2004-2021 Scopulus Limited. All rights reserved.