The 27 member nations of the European Union (EU) have signed an
agreement that replaces the constitution established in 2005 that was
rejected by French and Dutch voters. EUBusiness reports that the
"Treaty of Lisbon" includes provisions to cut the size of the European
parliament and the number of decisions that would require unanimous
support from EU member nations. It is the first accord that includes 12
Eastern European nations that joined the EU in 2004 and 2005.
Ratification must be completed by member nations' parliaments or by
voter referendums by January 1, 2009.
All contents copyright 2019 Halcyon Business Publications, Inc.