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Following the division of the Korean peninsula into a southern and a northern part at the end of the Second World War, the Republic of Korea (South Korea) was established in its southern part in 1948. The 1950 attack by the communist regime established in the northern part provoked a three-year war, which completely devastated the peninsula. When an armistice was signed in 1953, the Republic of Korea was one of the poorest countries in the world. Its political system was marked by a very strong attitude ...

Japan is a constitutional monarchy, with a parliamentary system of government based on the separation of powers. The Emperor is the symbol of the state and does not hold political functions, only performing ceremonial duties. Nevertheless, he can play a relevant diplomatic role. With Emperor Naruhito's enthronement in 2019, following his father's abdication, Japan has entered the Reiwa (beautiful harmony) age. The 2001 administrative reform strengthened the Prime Minister's leadership in the cabinet ...

This briefing provides an overview of the institutional macroprudential framework in the European Union (EU), distribution of powers and responsibilities and interactions between different institutions.

Independece of monetary authorities is a key tenet of modern central banking. Indepedence, however, must go hand in hand with accountability towards the public and its elected representatives. Four studies were prepared for the ECON Committee by the Monetary Expert Panel, comparing the accountability practices of major central banks in other juristictions (the Bank of England, the Swiss National Bank, the Bank of Japan and the Federal Reserve) with those of the European Central Bank (ECB) and offering ...

El Premio Sájarov 2017

De un vistazo 05-12-2017

Creado en 1988 por el Parlamento Europeo, el Premio Sájarov a la Libertad de Conciencia se concede cada año en diciembre a personas u organizaciones por sus sobresalientes logros en la defensa de los derechos humanos y de las libertades fundamentales. Con la concesión del premio 2017 a la oposición venezolana, el Parlamento denuncia la situación en Venezuela, reitera su apoyo a la Asamblea Nacional, elegida democráticamente, hace un llamamiento en favor de una transición pacífica hacia la democracia ...

European Commission President Jean-Claude Juncker’s State of the Union address to the European Parliament, and the subsequent debate, on 13 September come in the context of the ongoing broader reflection on the future path of the European Union. This has been intensified by the first-ever withdrawal of a Member State from the Union; although lamented by most, this is often cited as an opportunity to rebuild the Union on stronger grounds. The debate will therefore feed into a larger reflection process ...

Turkmenistan reforms need to go further

De un vistazo 21-06-2016

The Turkmen government has introduced various reforms since 2008 and has expressed an interest in closer cooperation with the EU. Yet, the May 2016 debate in the European Parliament's Committee on Foreign Affairs (AFET) on the Partnership and Cooperation Agreement (PCA) with Turkmenistan highlighted Parliament's dissatisfaction with the reforms. On the grounds of severe human rights concerns, AFET suspended its approval of the PCA until the country makes satisfactory progress.

Following the local and presidential elections of 2014, the ruling party (AKP) is increasing its influence over the political landscape and fostering its agenda of a more presidential regime. In this context, the outcome of the 7 June general election will be crucial.

The federal budget makes up roughly half of all public spending in the US, with the rest spent at state and local level. The United States (US) Congress, comprising the House of Representatives and the Senate, is responsible for passing the legislation that constitutes the budget, but the President also plays an important role, both in launching the process through a formal budget proposal and in bringing it to an end by signing appropriations, revenue and entitlement bills into law. While the ...

The 2014 Constitutions of Egypt and Tunisia, though enacted at the same time and as a consequence of very similar revolutionary forces, are different in style and content. Egypt has fallen back to the structures of the 1971 Constitution and will likely experience further restoration of the authoritarian presidentialism. The Armed Forces continue to play a dominant background role in the political and constitutional life of the country. Tunisia seems to have embraced a new constitutional paradigm ...