European Union
The European Union is a political and economic union of member states located primarily in Europe.
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Nikhil Banerjee
First written 26 Jul 2024
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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.