Richest European Union Countries | GDP Per Capita
The European Union (EU) is a political and economic union of 27 member states located primarily in Europe. It was established by the Treaty of Maastricht in 1993 and is based on the principles of democracy, respect for human rights, and the rule of law.
The EU has a single market with free movement of goods, services, capital, and people, which has created a strong economy and increased social and economic cooperation among its member states. The EU also has a common currency, the euro, which is used by 19 member states.
The EU has several institutions, including the European Commission, the European Parliament, the Council of the European Union, the European Central Bank, and the Court of Justice of the European Union. These institutions work together to set policies and make decisions for the EU as a whole.
The EU has played a significant role in promoting peace, stability, and prosperity in Europe, as well as advancing global cooperation on issues such as climate change and international trade. However, it has also faced challenges such as Brexit, the refugee crisis, and tensions with Russia.
