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The roles of the main EU institutions (Council, Commission and Parliament) in the management of the continuing/financial crisis

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The roles of the main EU institutions (Council, Commission and Parliament) in the management of the continuing/financial crisis
The roles of the main EU institutions (Council, Commission and Parliament) in the management of the continuing/financial crisis”

I. Introduction.

The ongoing euro economic/financial crisis has exposed large gaps in the ability of both the European Union’s (EU) institutions as a whole, and of the euro zone group in particular, to take a common approach to solving the problem. In the absence of an adequate common policy approach we have seen individual member states, including Ireland, resorting to national responses. This has led to fears that member states have acted in an anti-competitive manner, bringing the basis of the Single Market and the stability of the euro (EUR) into question. In turn this has led to fundamental questions being asked about the proper role of the EU, versus that of individual member states, in managing the crisis. The report will therefore seek to address these questions in relation to the past, current and possible future roles of the main EU policy-making institutions in addressing these issues.

II. Methodology.

This report utilized the descriptive method of research. The methodology research required gathering relevant data from different sources. As widely accepted, the descriptive method of research is fact finding. The main topic analyzed in this report is to critically evaluate the roles of the main EU institutions in the management of the current economic/ financial crisis. Thus, this research is based on lectures, scholarly historical and current perspectives on EU accession, convergence to the euro, and the debt crisis also news sources dedicated to the financial crisis resulting political and economic issues as they unfolded.
Historical information is found mostly in journals, news sources including newspapers and magazines, and scholar books. However the European institutions provide many sources online from actual European law to specific information related to each member state. The economic statistic can


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