European Union

The European Union (EU) is a political and economic union of member states located primarily in Europe. It was established to promote integration and cooperation among its members, enabling them to work together on various issues including trade, security, and social policy. The EU operates through a system of supranational institutions and intergovernmental negotiated decisions by the member states. It has its own legislative framework, and its institutions include the European Parliament, the European Commission, and the Council of the European Union. The EU aims to ensure the free movement of people, goods, services, and capital within the internal market, while also establishing common policies on various sectors such as agriculture, fisheries, and regional development. One of its hallmark initiatives is the Eurozone, where several member countries have adopted a common currency, the euro. The EU also plays a significant role in international trade and is involved in various global issues including climate change, human rights, and foreign policy.