How is the European Union comprised?

The European Union is one of the most talked of unions around the world. This is a political and economic confederation. It is founded by 27 states of Europe. Though it was founded in 1993, but the primary formation has taken place earlier in the mid-twentieth century.
Looking back at history it can be found that the ECSC or the European Coal and Steel Community and EEC or European Economic Community developed into the European Union. EEC and ECSC were established in 1958. Then the number of the member states was only six. Gradually many other states located in Europe started joining these unions. They were gaining national forces. In 1993, the “Maastricht Treaty” was signed and the European Union came into being.
The member states are: The United Kingdom, Belgium, Cyprus, Denmark, Finland, Germany, France, Austria, The Czech Republic, Bulgaria, Estonia, Ireland, Greece, Italy, Hungary, Luxembourg, Lithuania, Malta, Latvia, The Netherlands, Romania, Poland, Portugal, Spain, Slovenia, Sweden and Slovakia
The aim of the European Union is to spread “peace, prosperity and freedom” among its combined citizens. The number of the combined citizens is approximately 500 million. Though it was founded as an economic union meant for the economic development of its member states, later it grew as a political organization. Along with undertaking different trade initiatives to facilitate its member countries, it is also working for preserving the human and environmental rights of its citizens. It is devoted to serve the need of these citizens to reach its aim of spreading “peace, prosperity and freedom”.
To facilitate the economic transactions of its member countries, it has started a new currency “Euro”. 16 countries who are the members of European Union use the special currency named “Euro”. The countries that are using it are: Belgium, France, Greece, Austria, Finland, Cyprus, Germany, Luxembourg, Ireland, Malta, Italy, The Portugal, Netherlands, Slovenia, Slovakia, Spain and Germany. There are some non-EU countries that also use Euro. They do it under a special agreement. They are: San Marino, the Vatican and Monaco. They are allowed to issue and use Euro coins on their own.
The European Union has established a single market among its member countries by coining a standardized system of business laws. All the member countries have to obey these laws. To ensure the free movement of the people, capital, services and goods of the member states, the abolition of passport controls is introduced. All the member countries have to obey some common policies to ensure the local and supranational development. These policies are applicable for trade, fisheries, regional development and agriculture.
The countries of the European Union have the Common Security and Foreign Policy to ensure the internal defence. But this union has not developed its role in the field of external relations.
The European Union has a defined structure. It has three bodies. The first one is European Parliament. It is elected by the combined citizens of EU. The second one is the Council of the European Union. The third one is the European Commission. For a better judicial system, it has a Court of First Instance and a European Court of Justice. All these bodies work together to devise and enforce its policies.

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