European Union

European Union is a umbrella organisation including the European countries that have European eliminated economic, trade and immigration between the member countries of the union. The European union is a unique economic and political partnership between 27 European countries.

 

History of European Union:

European union was created after math of the second world war. The treaty of paris, creating the European coal and steel community in 1951 with six member: Belgium, France, Italy, Luxumberg, Netherland and West Germany.

In 1957 the same six countries sign the treaties of rome, creating the European economic community and European atomic energy community.

On 1 November 1993, under the third Delors Commission, the Maastricht Treaty became effective, creating the European Union with its pillar system including foreign and home affairs alongside the European Community.

1995:  Austria, Finland and Sweden join the European Union (EU).

1999: Europe’s single currency – the euro  – is officially launched and 11 EU Member States adopt it as their official currency, forming what is known as the euro zone.

2001: Greece joins the euro zone.The Treaty of Nice is signed, introducing reforms to the EU’s institutions to prepare for the expansion of the Union with the admission of ten new Member States in 2004.

2002: The euro becomes a reality on 1 January, when euro notes and coins replace national currencies in 12 of the 15 countries which are members of the EU: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. A ‘convention on the future of Europe’ is launched, with 105 members representing national governments and parliaments in the Member States and countries waiting to join the EU, the European Commission and the European Parliament.

Currency:

The euro is also the most widely used currency in the EU, which is in use in 17 member states known as the Eurozone. All other member states, apart from Denmark and the United Kingdom, which have special opt-outs, have committed to changing over to the euro once they have fulfilled the requirements needed to do so.

European Union Headquater:

European union headquater is in Brussels, Belgium .

It Selected as the headquarters of the European Union  because of its centralized location in Europe.