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Portal:European Union

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Introduction

  Welcome to the European Union Portal!

The European Union (EU) is a supranational political and economic union of 27 member states that are located primarily in Europe. The Union has a total area of 4,233,255 km2 (1,634,469 sq mi) and an estimated total population of over 449 million. The EU has often been described as a sui generis political entity combining the characteristics of both a federation and a confederation.

Containing 5.8% of the world population in 2020, EU member states generated a nominal gross domestic product (GDP) of around US$16.6 trillion in 2022, constituting approximately one sixth of global nominal GDP. Additionally, all EU states except Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act as one. EU policies aim to ensure the free movement of people, goods, services and capital within the internal market; enact legislation in justice and home affairs; and maintain common policies on trade, agriculture, fisheries and regional development. Passport controls have been abolished for travel within the Schengen Area. The eurozone is a group composed of the 20 EU member states that have fully implemented the economic and monetary union and use the euro currency. Through the Common Foreign and Security Policy, the union has developed a role in external relations and defence. It maintains permanent diplomatic missions throughout the world and represents itself at the United Nations, the World Trade Organization, the G7 and the G20. Due to its global influence, the European Union has been described by some scholars as an emerging superpower.

In 2012, the EU was awarded the Nobel Peace Prize. The United Kingdom became the only member state to leave the EU, in 2020; ten countries are aspiring or negotiating to join it. (Full article...)

Selected article

The euro (currency sign: ; currency code: EUR) is the official currency of the European Union (EU). Nineteen member states have adopted it, known collectively as the Eurozone (Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, Spain). The currency is also used in five further countries with formal agreements and six other countries without such agreements. Hence it is the single currency for over 320 million Europeans. Including areas using currencies pegged to the euro, the euro directly affects close to 500 million people worldwide. With more than €610 billion in circulation as of December 2006 (equivalent to US$802 billion at the exchange rates at the time), the euro is the currency with the highest combined value of cash in circulation in the world, having surpassed the U.S. dollar (USD). Taking official estimates of 2007 GDP, the Eurozone is the largest economy in the world by March 2008 after the USD/EUR exchange rate surpassed 1.56.

The euro was introduced to world financial markets as an accounting currency in 1999 and launched as physical coins and banknotes on 1 January 2002. It replaced the former European Currency Unit (ECU) at a ratio of 1:1. The euro is managed and administered by the Frankfurt-based European Central Bank (ECB) and the Eurosystem (composed of the central banks of the euro zone countries). As an independent central bank, the ECB has sole authority to set monetary policy. The Eurosystem participates in the printing, minting and distribution of notes and coins in all member states, and the operation of the Eurozone payment systems.

Selected picture

Euro sign
Diagram credit: Erina
The euro sign (€) is the currency symbol used for the euro, the official currency of the eurozone and a few other European countries. The design was presented to the public by the European Commission on 12 December 1996, and consists of a stylized letter E (or epsilon) crossed by two lines instead of one. While the Commission intended the euro sign to be a prescribed glyph, type designers made it clear that they intended instead to adapt the design to be consistent with the typefaces to which the symbol was to be added. Euro banknotes and coins entered into circulation on 1 January 2002, making it the day-to-day operating currency of its original members. This diagram shows the construction of the euro sign as formally specified by the European Commission.

Did you know?

...that Monaco, San Marino, and Vatican City all mint their own euro coins, with their own national symbols on the back, despite not being EU members?

...that Slovenia joined the Euro on January 1, 2007?

Selected city

Warsaw

Warsaw is the capital of Poland and its largest city. It is located on the Vistula river roughly 370 km from both the Baltic Sea coast and the Carpathian Mountains. Its population as of 2011 was estimated at 1.7 million with a metropolitan area of approximately 2.7 million. The city area amounts to 517 km², with an agglomeration of 6100.43 km². Warsaw is internationally notable for giving its name to the Warsaw Pact, Warsaw Convention and the Treaty of Warsaw.

The city is home to many industries, including manufacturing, steel, electrical engineering, and automotive; it features 66 institutions of higher learning, including Warsaw University, Stefan Wyszyński University, Warsaw University of Technology, Warsaw School of Economics, and a Medical Academy. Warsaw is home to over 30 theatres, including the National Theatre and Opera and the National Philharmonic Orchestra.

General images

The following are images from various European Union-related articles on Wikipedia.

Topics

 Members by political system
 European Parliament
 European Commission

 List of European Union member states by political system
 Sakharov Prize

 European Union Portal

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