T1 HISTORY (2)

Question 1

treaties of Rome refers to

Answer 1

Euratom and creation of EEC

Question 2

THE TREATY OF ROME

Answer 2

ratified by six parliaments
january ‘58
free mobility for workers
capital markets integrtions
free trade services

Question 3

customs unions

Answer 3

removing all tarrifs and quotas on intra EEC trade and adopting a common tarriff on imports from nonmember nations)

Question 4

The EEC’s customs unions

Answer 4

meant that tariffs within the EEC would be lower than those charged to third nations

Question 5

EFTA

Answer 5

created by seven OEEC nations because of fear of discrimination and marginalization

Question 6

trade liberalization came into effect in

Answer 6

1960 ( the year in which EFTA was created)

Question 7

what is domino effect by Baldwin?

Answer 7

The preferencial lowering of some trade barriers creates new pressures for outsiders
it was a pressure of EFTA nations to join EEC6 which was more attractive to exporters

Question 8

what was the reason of creation of two non overlaping circles

Answer 8

the lowering of intra- EEC trade barriers

Question 9

the 1959 Liberalization and Stabilization National Plan (Spain situation)

Answer 9

in 1958 Spain joined OEEC the IMF and the World Bank - because of their pushing - 1959 plan

Question 10

the 1959 Liberalization and Stabilization National Plan (Spain situation) main measures

Answer 10

the plan allowed Spain to benefit from the 1960s growth
increasing role of private firms
aim at balancing the public sector budget
end to the multiple exchange rate for the Peseta
allowing foreign direct investment
reduction of protectionist measures,and tariffication of them

Question 11

euro- pessimism (1973-1986)

Answer 11

Political shocks
Economic shocks
Bright spots

Question 12

Political shocks

Question 13

Economic shocks

Question 14

Bright spots

Question 15

treaty of rome… did it work?

Answer 15

not exactly,because only the tariff liberalization was implemented,because of that pushing to create single market programme

Question 16

one of the biggest and misunderstood problems of brexit negotiations why?

Answer 16

The single market
because the question is if Britain stays in the single market, only in CU or not integration with EU at all

Question 17

Single market programme what happened because of it

Answer 17

created because treaty of rome failed,
deeper circles in the EEC

Question 18

the aim of eec

Answer 18

establishement of common market

Question 19

The term “domino effect” in the context of European history is often used to

Answer 19

The term “domino effect” in the context of European history is often used to

Question 20

europessimism - economic shocks

Answer 20

bretton woods falls appart
failed EEC
oil shocks with stagflation
introduction of technical barriers to trade

Question 21

bretton woods

Answer 21

fixed exchange rate system

Question 22

what was one of the most critical factor for growth

Answer 22

exchange rate stability

Question 23

what is stagflation

Answer 23

its the situation after oil shock - oil prices increased,higher unemployment and inflation - net result = falling incomes and rising inflation

Question 24

to stabilize intra EEC exchange rate s

Answer 24

there was established The european monetary system

Question 25

technical barriers to trade

Answer 25

after tariff barriers fell EEC - new ones wa established - fragmenting the European markets (TBT)

Question 26

what about bright spots ?

Answer 26

Democracy in Spain and POrtugal and Greece EMS 1978 works well merger treaty an ddirect election of EU Parliament (1979)

Question 27

there was a world economy crisis in 70' how it impacted SPain

Answer 27

Slow adjustment to changing energy prices the inflation spiral: wage increases led to futher inflation the moncloa pacts - wage moderation and fiscal reform beginning of spanish unemployment problem

Question 28

what happened in Spain

Answer 28

1977 - admission in EEC and NATO in 1982 accession in 1986

Question 29

lack of tariffs doesnt mean that

Answer 29

the trade is fully free even if its custom union

Question 30

the single market program

Answer 30

reinforcing four freedoms of treaty of rome: further liberalization of trade harmonization of VAT harmonization of technical standards removal of all capital controls it was powerful boost for the integration of EU

Question 31

what caused domino effect

Answer 31

strengthening of force for inclusion - EEA initiative to extend single market to EFTA nations

Question 32

fourth enlargement

Answer 32

Austria finland sweden - EEC15

Question 33

berlin wall constructed in

Answer 33

1961

Question 34

in 1990 independence of

Answer 34

Estonia, Latvia and Lithuania

Question 35

maastricht treaty

Answer 35

1992,formation of the monetary union to - belief that single currency leeds ro deeper integration it committed EU to achive monetary union by 1999 and single currency in 2002 \ the right to live and move in different eu countries strengthened the power of eu parliament

Question 36

great moderation

Answer 36

perion of low inflation and steady, low unemployment and hiigh growth between 1990-2000