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European Union |
Also found in: Dictionary/thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.06 sec. |
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European Union (EU) An economic association of European countries founded by the Treaty of Rome in 1957 as a common market for six nations. It was known as the European Community until January 1, 1994 and currently comprises 15 European countries. Its goals are a single market for goods and services without any economic barriers, and a common currency with one monetary authority. European Union A supranational economic and political organization consisting of the majority of the countries in Europe. While it lacks the authority of a federal union, it provides a common market and free trade between members. Importantly, it created and operates the euro, which is one of the most important global currencies. See also: European Central Bank. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Under European Community rules, all goods except draft beer must be sold in metric measures. The deal results from concerns raised by the European Community Anti-Trust Office over the pending merger of Robert Bosch with Mannesmann Rexroth in Germany. The site includes information on the latest news, case law updates, access to resources and databases from the European Community and expert witness directories. |
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