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European Union

   Also found in: Dictionary/thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
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.


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Paet said that Estonia and the European Union are interested in Belarus opening up to Europe, step by step.
Canada lamented threats made by the European Union in an ongoing visa dispute between Ottawa and the 27-member bloc, calling for "constructive dialogue" to end the dispute.
Canada lamented threats made by the European Union in an ongoing visa dispute between Ottawa and the 27-member bloc, calling for "constructive dialogue" to end the dispute.
 
 
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