Category: European Union

The European Union (EU) is a political and economic union of member states located primarily in Europe. It was established to foster integration and cooperation among its members, promoting peace, stability, and economic prosperity. The EU operates through a system of supranational institutions and intergovernmental negotiations, with its key governing bodies including the European Commission, the European Parliament, and the Council of the European Union.

Members of the EU work together on a range of issues including trade, security, environmental policy, and human rights. An essential aspect of the EU is the Single Market, which enables the free movement of goods, services, capital, and people among member states. The Euro is the common currency used by 19 of the 27 EU countries, known as the Eurozone. By establishing common policies and standards, the EU aims to create a cohesive economic space while maintaining the sovereignty of its member nations.