European union

Article

January 23, 2022

The European Union (EU) is a sui generis economic and political union of 27 states, located mostly in Europe. Its origins lie in the Treaty on European Union, which entered into force on 1 November 1993. It was built on the foundations of the pre-existing European Economic Community. The last treaty to amend the constitutional basis of the European Union was the Lisbon Treaty, in 2009. With a population of around 450 million, the European Union generates approximately 30% of the world's nominal domestic product. The European Union has developed a single market through a system of standardized laws in force in all Member States, guaranteeing the four freedoms of the Union: freedom of movement for persons, goods, services and capital. The European Union also has a single trade policy, a common agricultural and fisheries policy, and a regional development policy. Eighteen member states have adopted a common currency, the euro. The European Union has played an important role in foreign policy, representing its members in international organizations including the World Trade Organization and the United Nations, as well as at G8 summits. Twenty-one of the member states are also members of NATO. The European Union has also been organized in matters of justice and home affairs and has abolished passport and immigration checks among the member states of the Schengen Agreement, which also includes other non-member states. The European Union operates institutionally with a hybrid system of intergovernmentalism and supranationalism. In many cases, their decisions depend on the consensus of all Member States. However, there are also supranational bodies with the power to make decisions without the need for the unanimity of all the national governments that make it up. Some important institutions are the European Commission, the European Parliament, the Council of the European Union, the European Council, the European Court of Justice and the European Central Bank. Citizens of the European Union elect members of Parliament every five years. The European Union has its origins in the Schumann Declaration and the creation of the European Coal and Steel Community of six states in 1951, and in the Treaty of Rome of 1957. Since then, the union has grown. with the admission of new member states and the creation of various supranational institutions. On 23 June 2016, the United Kingdom voted in favor of leaving the EU. In 2012 he won the Nobel Peace Prize for the advancement of peace and reconciliation in Europe, as well as the establishment of democracy and human rights. In June 2017 she was awarded the Princess of Asturias Prize for Concord.

Concepts

The original reason for the founding, of what would later become the European Union, was the desire to rebuild Europe after the tragic events of World War II, and to prevent Europe from falling victim to the scourge of war. To achieve this goal, the European Union is trying to create an infrastructure that crosses state borders. Harmonized standards create a larger and more efficient market, because Member States can create a single customs union without loss of health (economic) or security. For example, states where people can never agree on food may nevertheless reach agreements on labeling and hygiene standards. The power of the European Union goes beyond its borders because, to sell, it is useful to follow its standards (EC, European conformity). Once the factories, farmers and traders of a non-member country comply with the regulations, most of the costs associated with joining the EU are kept to a minimum. When laws are harmonized to become a full member, more well-being is created

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