Most of the policies made by the European Union (EU) relate to internal issues that directly affect our everyday lives. They're known as common policies as they affect all the member states of the EU and Ireland is closely involved in developing and implementing them.

What is the most important EU policy?

One of the most influential policy actions is known as the Bologna process. The Bologna declaration was signed in 1999 by the ministers of education from 29 countries (Bologna declaration, 1999).

Does the EU have a common fiscal policy?

European Union Most member states of the EU participate in economic and monetary union (EMU), based on the euro currency, but most decisions about taxes and spending remain at the national level. Therefore, although the European Union has a monetary union, it does not have a fiscal union.

What are the EU policy areas?

In these areas, the EU has what the treaties call shared competences:

• single market.
• employment and social affairs.
• economic, social and territorial cohesion.
• agriculture.
• fisheries.
• environment.
• consumer protection.
• transport.

What is EU foreign policy?

The EU's joint foreign and security policy, designed to resolve conflicts and foster international understanding, is based on diplomacy and respect for international rules. Trade, humanitarian aid, and development cooperation also play an important role in the EU's international role. … promote international cooperation.

What is the EU social policy?

European social policies aim to promote employment, improve living and working conditions, provide adequate social protection and combat social exclusion. European social policies aim to promote employment, improve living and working conditions, provide adequate social protection and combat social exclusion.

Is the EU a common market or an economic and monetary union?

Launched in 1992, EMU involves the coordination of economic and fiscal policies, a common monetary policy, and a common currency, the euro. Whilst all 27 EU Member States take part in the economic union, some countries have taken integration further and adopted the euro. Together, these countries make up the euro area.

What is meant by eurozone?

The eurozone refers to an economic and geographic region consisting of all the European Union (EU) countries that incorporate the euro as their national currency. … Not all European Union nations participate in the eurozone; some opt to use their own currency and maintain their financial independence.