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European Union

The European Union is a political and economic union of member states located primarily in Europe.

Written by Nikhil Banerjee First written 26 Jul 2024 Human edits 0 Read 44 times

The European Union (EU) is a political and economic union of 27 member states located primarily in Europe. It was created to promote peace, cooperation and a single market after the Second World War.

Single market

The EU operates an internal market allowing the free movement of goods, services, capital and people among member states. Many members share a common currency, the euro.

Institutions

Its main institutions include the European Commission, the European Parliament and the Council of the European Union. Citizens of member states are also EU citizens.

Frequently asked questions

What is the European Union?

A political and economic union of 27 European countries.

What currency does the EU use?

Many members use the euro.