BRUSSELS For the past four days of our interactions with some of the select European Union (EU) officials here at the capital city of Belgium, we have come to understand hopefully correctly how complicated it functions as a supranational institution
, or transcending borders and boundaries of 28 member states.
A different supranational institution
that has largely embraced a
Secondly, it is the first time that a supranational institution
is issuing depository receipts on an African Stock Exchange.
It has 47 members (820 million citizens) and a true supranational institution
that is the European Court of Human Rights (ECtHR).
Although this is true, the process of giving up sovereignty in favor of a supranational institution
is, in itself, a complex political process.
Frankly, it almost defies belief that IMF head Christine Lagarde last week should warn of the dangers that this supranational institution
and umpteen other "thought-leaders" were instrumental in creating.
Even the European Union, a triumph of supranational institution
building, has been hobbled by nationalist sentiments and stereotypes as it struggles to deal with an economic crisis, and nationalist pride increasingly permeates European culture, "from soccer tournaments to the Eurovision Song Contest.
It is the result of the activity of an independent and supranational institution
such as the European Parliament, where the parliament members are elected and organise their activity not on behalf of the national governments or parliaments but on the base of their agenda and the agenda of the European political groups they belong to.
However, as no rated supranational institution
has ever called for the support of member countries, such commitments have never been tested," Fitch noted.
On the one hand, it is a supranational institution
to which member states have granted a measure of decision-making power (e.
The ICC is a permanent supranational institution
designed to hold citizens accountable for their acts, allowing them to be prosecuted for crimes of genocide, war crimes, or crimes against humanity.
A historical comparison might be drawn between the Trevi Council, a decentralized intergovernmental institution of the Treaty of Rome, and its latter day successor, the Office of Justice and Home Affairs, a centralized supranational institution
of the European Union.