European Union

European Union

The European Union (EU) is an economic and political union of 27 member countries in Europe. Formally established in 1993 after the ratification of the Maastricht Treaty by members of the European Community, the EU acts as the governing body of the European Economic Community in the area of foreign and security policy, and provides for the creation of a central European bank and the adoption of a common currency, the Euro.

Industry: Government

Add a new term

Contributors in European Union

Become a Contributors

European Union

area of freedom, security and justice

Government; European Union

An established area of freedom, security and justice, with the aim of ensuring genuine freedom of movement for individuals on the territory of the European Union and a higher level of security ...

antitrust control

Government; European Union

The term "antitrust" refers to competition rules on agreements and business practices which restrict competition and on abuse of dominant positions. Agreements and concerted practices which may ...

accession negotiations

Government; European Union

Accession negotiations are vital for monitoring and helping candidate countries to prepare for accession and for assessing how ready they are. Each country is judged on its own merits from the point ...

broad economic policy guidelines (BEPG)

Government; European Union

The broad economic policy guidelines (BEPG) are the central link in coordination of the Member States' economic policies. They are adopted by the Council in the form of a non-legally binding ...

budget

Government; European Union

All the European Union's revenue and expenditure is entered in the Community budget on the basis of annual forecasts. The budget is governed by several principles, including: * unity: all the revenue ...

Charter of Fundamental Rights

Government; European Union

The Charter of Fundamental Rights consolidates in a single document the fundamental rights applicable at the European Union (EU) level. It establishes ethical principles and rights for EU citizens ...