Penalty and Schengen Area: Difference between pages

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Penalties are generally designed to punish, or discourage, particular behaviour (or omissions).
''European Union (EU)''.


In the finance context, penalties are usually money amounts.
Collective term for the 26 European countries - 22 EU member states, plus four other countries - which have open borders between them.


Examples include tax penalties, penalty charges for late payment of debts, and loss of interest for early withdrawal of a fixed time deposit.


The 22 participating EU member states are:


==See also==
:Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain and Sweden.


*[[Default surcharge]]
The other four members of the Schengen Area are:
*[[Payables management]]
 
*[[Time deposit account]]
:Iceland, Liechtenstein, Norway and Switzerland.
 
 
====Four EU member states expected to join Schengen====
The following EU member states are expected to join the Schengen Area in due course:
 
:Bulgaria, Croatia, Cyprus and Romania.
 
 
====Two EU member states opted out of Schengen====
Ireland and the United Kingdom (UK) opted out of the Schengen arrangements.
 
The UK subsequently left the European Union itself.
 
 
====Origins====
The originating Schengen Agreement was signed in 1985 in the Luxembourg village of Schengen, by five countries:
 
:Belgium, France, Germany, Luxembourg and the Netherlands.
 
 
 
== See also ==
* [[Brexit]]
* [[European Free Trade Association]]
* [[European Economic Area]]
* [[European Union]]
__NOTOC__

Revision as of 22:43, 1 February 2020

European Union (EU).

Collective term for the 26 European countries - 22 EU member states, plus four other countries - which have open borders between them.


The 22 participating EU member states are:

Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain and Sweden.

The other four members of the Schengen Area are:

Iceland, Liechtenstein, Norway and Switzerland.


Four EU member states expected to join Schengen

The following EU member states are expected to join the Schengen Area in due course:

Bulgaria, Croatia, Cyprus and Romania.


Two EU member states opted out of Schengen

Ireland and the United Kingdom (UK) opted out of the Schengen arrangements.

The UK subsequently left the European Union itself.


Origins

The originating Schengen Agreement was signed in 1985 in the Luxembourg village of Schengen, by five countries:

Belgium, France, Germany, Luxembourg and the Netherlands.


See also