This blog post is part of our Frequently Asked Legal Questions series. On July 12, 2015, the euro-area member states agreed in principle to start negotiating a third loan package with Greece. The loan will be provided by the European Stability Mechanism (ESM), which was set up in 2012 by the euro-area member states. Yesterday I looked …
This blog post is part of our Frequently Asked Legal Questions series. On July 8, 2015, the new Greek Finance Minister Euclid Tsakalotos submitted a request for a third loan package to the European Stability Mechanism (ESM). The ESM was set up in 2012 as a permanent intergovernmental organization under public international law to issue debt instruments …
This pic of the week shows the "Alabama room" in Geneva, Switzerland, where the Alabama arbitration between the United States and Britain took place in 1872.
On July 12, 2004—15 years ago today—the European Union’s (EU) Council Joint Action 2004/551/CFSP created the European Defence Agency (EDA). In 2011, the Joint Action was replaced by Council Decision 2011/411/CFSP, which was revised in 2015 by Council Decision (CFSP) 2015/1835. These legislative acts implement the requirements of article 42 of the Treaty on European Union (TEU), which, among other things, sets …
On November 1, 1993, the “Treaty on European Union” (Maastricht Treaty) entered into force, marking “…a new stage in the process of creating an ever closer union among the peoples of Europe”. The Maastricht Treaty officially established the European Union (EU), but the journey to its establishment began as early as 1957 with the signing of the Rome Treaties. …
On June 1, 1998–twenty years ago today– the European Central Bank (ECB) was established. The ECB is one of the seven main institutions of the European Union (EU). It forms part of the European System of Central Banks (ESCB) together with the National Central Banks (NCBs) of all 28 Members States of the EU. The Eurosystem …
The following is a guest post by Elin Hofverberg, who covers Scandinavian jurisdictions at the Law Library of Congress. Elin’s previous posts include Finland: 100 Years of Independence – Global Legal Collection Highlights, Alfred Nobel’s Will: A Legal Document that Might Have Changed the World and a Man’s Legacy, Swedish Detention Order Regarding Julian Assange, The Masquerade King and …