European Union - Explained
What is the European Union?
Written by J. Mance Gordon
Updated at April 21st, 2024
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What is the European Union (EU)?
The EU is a group of 27 European countries banded together to promote economic and social prosperity among the nations. Most notably, the EU has a pseudo-governmental body made up of representatives of member countries. The EU provides a standardized legal system governing trade and commerce among the nations that allow for the movement persons, goods, capital and the provision of services across borders. Perhaps most notably, most countries use a single currency known as the EURO.
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