Portal:European Union

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Introduction

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The European Union (EU) is a supranational political and economic union of 27 member states that are located primarily in Europe. The Union has a total area of 4,233,255 km2 (1,634,469 sq mi) and an estimated total population of over 448 million. The EU has often been described as a sui generis political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation.

Containing 5.8% of the world population in 2020, EU member states generated a nominal gross domestic product (GDP) of around US$16.6 trillion in 2022, constituting approximately one sixth of global nominal GDP. Additionally, all EU states except Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act as one. EU policies aim to ensure the free movement of people, goods, services and capital within the internal market; enact legislation in justice and home affairs; and maintain common policies on trade, agriculture, fisheries and regional development. Passport controls have been abolished for travel within the Schengen Area. The eurozone is a group composed of the 20 EU member states that have fully implemented the economic and monetary union and use the euro currency. Through the Common Foreign and Security Policy, the union has developed a role in external relations and defence. It maintains permanent diplomatic missions throughout the world and represents itself at the United Nations, the World Trade Organization, the G7 and the G20. Due to its global influence, the European Union has been described by some scholars as an emerging superpower.

In 2012, the EU was awarded the Nobel Peace Prize. The United Kingdom became the only member state to leave the EU, in 2020; ten countries are aspiring or negotiating to join it. (Full article...)

Selected article

The euro (currency sign: ; currency code: EUR) is the official currency of the European Union (EU). Nineteen member states have adopted it, known collectively as the Eurozone (Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, Spain). The currency is also used in five further countries with formal agreements and six other countries without such agreements. Hence it is the single currency for over 320 million Europeans. Including areas using currencies pegged to the euro, the euro directly affects close to 500 million people worldwide. With more than €610 billion in circulation as of December 2006 (equivalent to US$802 billion at the exchange rates at the time), the euro is the currency with the highest combined value of cash in circulation in the world, having surpassed the U.S. dollar (USD). Taking official estimates of 2007 GDP, the Eurozone is the largest economy in the world by March 2008 after the USD/EUR exchange rate surpassed 1.56.

The euro was introduced to world financial markets as an accounting currency in 1999 and launched as physical coins and banknotes on 1 January 2002. It replaced the former European Currency Unit (ECU) at a ratio of 1:1. The euro is managed and administered by the Frankfurt-based European Central Bank (ECB) and the Eurosystem (composed of the central banks of the euro zone countries). As an independent central bank, the ECB has sole authority to set monetary policy. The Eurosystem participates in the printing, minting and distribution of notes and coins in all member states, and the operation of the Eurozone payment systems.

Selected picture

The Cathedral
The Cathedral is an abstract oil painting on canvas created by Czech artist František Kupka in 1912–1913. Measuring 180 by 150 centimetres (71 in × 59 in), the painting is held by the Museum Kampa in Prague, Czech Republic. In this painting, vertical lines running the entire length of the canvas are intersected by diagonal lines to form rectilinear shapes of various sizes and colors.

Did you know?

...that France possesses the largest exclusive economic zone (EEZ) in the world?

...that Monaco, San Marino, and Vatican City all mint their own euro coins, with their own national symbols on the back?

...that Turkey's two most famous weightlifters, Naim Suleymanoglu and Halil Mutlu are only two of four weightlifters in the world to have won 3 gold medals in 3 olympics?

Selected city

Dublin

Dublin is the capital and the largest city of the Republic of Ireland, located near the midpoint of Ireland's east coast, at the mouth of the River Liffey and forms the centre of the Dublin Region. Originally founded as a centre of Viking settlement, the city has been Ireland's capital city since mediæval times. The population within the city was 505,739 at the census of 2006. Beyond this, at the same census the Dublin Region population was 1,186,159, whilst the Greater Dublin Area had a figure of 1,661,185.

In a 2003 European wide survey by the BBC, questioning 11,200 residents of 112 urban and rural areas, Dublin was found to be the best capital city in Europe to live in, and the Republic of Ireland was judged to be the most content country in Europe. A person from Dublin is known as a Dubliner or colloquially as a Dub. Dublin is a major European cultural centre and the origin of many prominent literary figures including Jonathan Swift, Bram Stoker, Oscar Wilde, William Butler Yeats, James Joyce, George Bernard Shaw, Seán O'Casey, and Samuel Beckett.

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