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See: European Union
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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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EUsee EUROPEAN UNION.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson