The EU, commonly referred to as the European Union, is an economic and political union consisting of 27 European countries. Founded with the signing of the Maastricht Treaty in 1993, the EU has evolved to foster closer economic and political integration among its member states.
At its core, the EU aims to promote peace, stability, and prosperity in Europe by encouraging cooperation and collaboration between nations. Its main objectives include the establishment of a common market, the free movement of goods, services, capital, and people, as well as the adoption of a common currency, the Euro, in many member states.
The EU operates through a supranational system, where decisions are made collectively and binding upon member states. It encompasses various institutions, including the European Commission, the European Parliament, and the Council of the European Union, which work together to shape EU policies and legislation.
Beyond economic integration, the EU also addresses numerous other areas of common interest, such as environmental protection, security and defense, social policies, and human rights. It plays a significant role in international relations, representing its member states in various global forums while pursuing shared foreign and security policies.
Over the years, the EU has provided a platform for member states to pool their sovereignty in order to address common challenges and harness mutual benefits. While its effectiveness and impact have been subjects of debate and criticism, the EU remains a key institution shaping the political, economic, and social landscape of Europe.
