Share This Article:

Economic Definition of European Commission. Defined.

Offline Version: PDF

Term European Commission Definition: The executive body of the European Union that is charged with initiating Union-wide regulations. This is as close as the European Union has come to a centralized "federal" government comparable to that in the United States. It, however, has not achieved the status. The 15 national members of the European Union still retain a significant degree of autonomy.

 

« European Central Bank | European Currency Unit »

Permalink: https://glossary.econguru.com/economic-term/European+Commission

Alphabetical Reference to Over 2,000 Economic Terms