Tag: European Union

The European Union (EU) is a political and economic union of member states located primarily in Europe. It was established to foster economic cooperation, ensure free movement of people, goods, services, and capital, and promote peace and stability in the region. The EU operates through a system of supranational institutions and intergovernmental negotiated decisions by the member states. Key institutions include the European Commission, the European Parliament, and the Council of the European Union. The EU has its own currency, the Euro, which is used by 19 of the member states, collectively known as the Eurozone. The EU also implements policies across various areas, including trade, agriculture, and regional development, and strives to uphold values such as democracy, human rights, and the rule of law among its members.