European Union : An Economic And Political Union Of 28 Countries

1442 Words Jan 13th, 2016 6 Pages
The European union is an economic and political union of 28 countries. The union operates a single market which allows free movement of goods, capital, services and people between the member states. Each country within the EU is independent but agree to trade under the agreements made between the nations. 19 of these countries also share the same currency: the euro. The European union has expanded in terms of size and integration. The aim of the EU is to promote European peace though creating a single market.

The European Union was set up with the aim of ending the frequent and bloody wars between neighbours, which culminated in the Second World War. As of 1950, the European Coal and Steel Community began to unite European countries economically and politically in order to secure lasting peace. The six founders are Belgium, France, Germany, Italy, Luxembourg and the Netherlands. The 1950s are dominated by a cold war between east and west.

After the Second World War there was a new movement to create unity between Germany and France, which laid the foundations for the European Union four decades later. French foreign minister Robert Schuman led the formation of the ECSC with the Schuman Declaration in May 1950. The organization was a forerunner of several other European Communities and what is now the European Union. The European Union was established under its current name in 1993 following the Maastricht Treaty. Since then the community has grown in size because of the…

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