A Political and Economic Dictionary of Western Europe by Claire Annesley

By Claire Annesley

A Political and financial Dictionary of Western Europe is a useful consultant for these looking explanation of phrases, or a brief reference resource. the variety of entries is huge and encompasses the new historical past and economic system of every kingdom of the sector in addition to political events, geographical positive aspects, well known contributors, foreign agencies and key companies. It presents over six hundred key definitions and offers an summary of the altering political dimensions of Western Europe and its family with the ecu Union.

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Extra resources for A Political and Economic Dictionary of Western Europe (Political and Economic Dictionaries)

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Any party which gains more than 5% of votes from party lists nationally, or wins three constituencies, is entitled to an allocation of Bundestag seats. If a party gains more constituency seats in any Land than it is entitled to according to the party seat allocation, then surplus seats are created for that four-year Bundestag term. In the current Bundestag there are five surplus seats bringing the total membership to 603. Following the 2002 election, four parliamentary groups (Fraktion) were formed (number of seats in brackets) for the Social Democratic Party of Germany (251), the Christian Democratic Union (190) with the Christian Social Union (58), Alliance 90/The Greens (55) and the Free Democratic Party (47).

Separate political and economic organizations exist in each region. Traditionally French-speakers have dominated the Belgian state, despite the fact that they were outnumbered by the Flemish-speaking population. From the late 1960s resentment of this imbalance of power was expressed in riots and in the growth of Flemish nationalism. Area: 31,000sq km; capital: Brussels; population: 10m. (2001). Founded as a constitutional monarchy in 1830, the head of state since 1993 has been King Albert II. Originally a unitary state, power in Belgium was divided between the two houses of parliament: the Kamer and the Sénat.

Founded in 1694, it was nationalized in 1946, but was later granted operational independence by the Labour Party government in 1997. Now the Bank’s Monetary Policy Committee has responsibility for setting interest rates to meet the government’s inflation targets. The Bank of England has been the sole issuer of banknotes in England and Wales since the mid-19th century. It is also responsible for maintaining the stability of the financial system and, since the mid-1990s, it has been reviewing the implications of a possible introduction of the euro to the United Kingdom, which opted out of the single currency.

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Categories: Economic Policy