European Union


July 3, 2022

The European Union (English: European Union: EU) is an economic and political union. It consists of 27 member states, most of which are located in Europe, covering an area of ​​4,233,255 square kilometers. With an estimated population of over 447 million, the European Union develops an internal single market through a system of normalization of laws applicable in all member states. The EU policy aims to ensure the free movement of people, goods, services and capital in a single market. Enact laws on justice and domestic affairs and maintain common policies on trade, agriculture, fisheries and regional development. Passport control was abolished within the Schengen area. A monetary union was formed in 1999 and came into full force in 2002. It consists of 19 EU member states that use the euro. The European Union operates through a mixed system between the Northern Union and intergovernmental cooperation. The seven main decision-making bodies, known as the European Union's institutions, are the European Conference. Council of the European Union, European Parliament, European Commission Court of Justice of the European Union European Central Bank and European Court of Auditors The European Union is formed by the European Coal and Steel Community (ECSC) and the European Economic Community (EEC) formed in 1951 and 1958 respectively by the Inner Six. Communities and successive organizations grow in size with the joining of new members and become more empowered by increasing the scope of management policies. The Maastricht Treaty established the European Union in 1993 and introduced European citizenship. Latest EU Constitutional Fundamentals Amendments Latest Treaty of Lisbon It came into force in 2009. The European Union has 7.3% of the population.