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According to Article 50 of the Treaty on European Union, which statement accurately describes the procedure for a Member State to withdraw from the Union? A The Member State notifies the Council of the European Union of its intention, and the withdrawal agreement is concluded by the European Parliament acting by a simple majority after obtaining the consent of the Council. B The withdrawal agreement is concluded by the Council acting unanimously, and the Treaties cease to apply immediately upon notification unless a two-year extension is granted by the European Council acting by qualified majority. C The Member State notifies the European Council of its intention; the withdrawal agreement is concluded by the Council acting by a qualified majority after obtaining the consent of the European Parliament, and the Treaties cease to apply two years after notification unless the European Council unanimously decides to extend this period in agreement with the Member State concerned. D Prior to the entry into force of the Lisbon Treaty, Member States could withdraw by notifying the Council of the European Union, and the withdrawal agreement was subject to ratification by all Member States in accordance with their respective constitutional requirements without a fixed two-year deadline.
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