Home > Terms > English (EN) > European Union (EU)
European Union (EU)
The EU has 27 members, including Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, and the United Kingdom. For over 50 years, member countries have been developing common policies on a wide range of issues such as agriculture, environment, trade, labor practices, research and development.
In 1993, all barriers were removed to the free flow of trade, goods, services and people between all member countries, which made the EU the largest trading bloc in the world. Another step towards European unity was taken in 1998, when the EC created a European Central Bank. In 2002 eleven member countries adopted a single currency, the euro, used by sixteen countries as of 2010. Membership of the EU is open to any European democracy. The presidency of the EC rotates every six months among member nations; summit meetings are held every June and December in the host country. Headquarters for the EU is in Brussels, Belgium. The EU has many institutions, including the European Parliament, which has 518 delegates from the member countries, elected every five years. It meets each month for one week in Strasbourg, France. It keeps watch over EU activities, and supervises such organizations as the European Atomic Energy Commission (Euratom).
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Politics
- Category: Political Science
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Billy Morgan
Sports; Snowboarding
The British snowboarder Billy Morgan has landed the sport’s first ever 1800 quadruple cork. The rider, who represented Great Britain in the 2014 Winter Olympics in Sochi, was in Livigno, Italy, when he achieved the man-oeuvre. It involves flipping four times, while body also spins with five complete rotations on a sideways or downward-facing axis. The trick ...
Marzieh Afkham
Broadcasting & receiving; News
Marzieh Afkham, who is the country’s first foreign ministry spokeswoman, will head a mission in east Asia, the state news agency reported. It is not clear to which country she will be posted as her appointment has yet to be announced officially. Afkham will only be the second female ambassador Iran has had. Under the last shah’s rule, Mehrangiz Dolatshahi, a ...
Weekly Packet
Language; Online services; Slang; Internet
Weekly Packet or "Paquete Semanal" as it is known in Cuba is a term used by Cubans to describe the information that is gathered from the internet outside of Cuba and saved onto hard drives to be transported into Cuba itself. Weekly Packets are then sold to Cuban's without internet access, allowing them to obtain information just days - and sometimes hours - after it ...
Asian Infrastructure Investment Bank (AIIB)
Banking; Investment banking
The Asian Infrastructure Investment Bank (AIIB) is an international financial institution established to address the need in Asia for infrastructure development. According to the Asian Development Bank, Asia needs $800 billion each year for roads, ports, power plants or other infrastructure projects before 2020. Originally proposed by China in 2013, a signing ...
Spartan
Online services; Internet
Spartan is the codename given to the new Microsoft Windows 10 browser that will replace Microsoft Windows Internet Explorer. The new browser will be built from the ground up and disregard any code from the IE platform. It has a new rendering engine that is built to be compatible with how the web is written today. The name Spartan is named after the ...
Featured Terms
head cap
You will need: Needle and thread, Zipper, a button, measuring tape, pins, scossors, rubber bands, and sweat pants. How to: 1. Cut one leg of the ...
Contributor
Featured blossaries
Browers Terms By Category
- Hats & caps(21)
- Scarves(8)
- Gloves & mittens(8)
- Hair accessories(6)
Fashion accessories(43) Terms
- Satellites(455)
- Space flight(332)
- Control systems(178)
- Space shuttle(72)
Aerospace(1037) Terms
- General law(5868)
- Contracts(640)
- Patent & trademark(449)
- Legal(214)
- US law(77)
- European law(75)
Law(7373) Terms
- ISO standards(4935)
- Six Sigma(581)
- Capability maturity model integration(216)