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European Union
(redirected from European Unity)

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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.


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Interestingly, there have been a number of unpalatable advocates of European unity over the years.
Whatever the economic pay-off, especially for the smaller members, does every EU citizen actually share a vision of European unity or are the foundations being laid for a state's rights conflict, as that which in part underpinned the American Civil War?
The European Commissioner for External Relations, former Austrian foreign minister Benita Ferrero-Waldner, pulled out of the race Sunday "in the interest of the organisation and European unity," said an Austrian embassy statement.
 
 
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