The European Union (EU) is an association of 27 states that are all located in Europe. The EU has 447 million people living in it. Establishing a unified, consistent system across Europe was its primary goal. The Euro, which was created by the European Union, is used as the primary currency by the majority of its member nations.
As of 2020, 5.8% of the world's population resided in the EU. In nominal terms, the European Union's GDP is USD 17 trillion. These nations rank first in terms of the human development index and also have a high GDP per capita. In 2012, the EU received the Noble Peace Prize. The G7, G20, UN, and NATO are international organisations that the European Union belongs to. Along with Russia, China, India, and Brazil, the EU is regarded as a rising global superpower.
History of the European Union
Europe has been regarded as a worldwide superpower since the 1900s. The current world in which we live was significantly shaped by it. Some civilizations dominated the globe for protracted periods of time. The French Empire, the British Empire, the Dutch Empire, and the German Empire are all included in this. The Roman Empire, Charlemagne's France, the Byzantine Empire, and the Holy Roman Empire are a few noteworthy European empires. In the 20th century, there was a struggle for power in Europe. At least 50% of the earth's landmass was dominated by the British and French Empires. After the union, the German Empire grew stronger. The borders of Eastern Europe caught the Russian Empire's attention.
Technology has advanced significantly. Beginning in 1917, World War I might extend up to four years. The Second World War broke out twenty years later. The most expensive conflict in terms of both lives lost and dollars spent After the war, Western Europe was going through a recovery period. Soviet Russia had taken control of Eastern Europe. On the eastern front, conflict broke out after the collapse of the Soviet Union. Split into pieces, Yugoslavia fell apart. There were numerous treaties signed, including the Rome Treaty, the Maastricht Treaty, and the Lisbon Treaty. These agreements guaranteed the peace and cohesion of the European nations. Thus, as a result of this unity, the European Union was established.
Member states of the European Union
The European Union was founded by Belgium, the Netherlands, Italy, West Germany, France, and Luxembourg. The Copenhagen criteria must be followed by the member nations. The majority of the rules and regulations outlined in the treaties should be accepted. In 2020, the United Kingdom became the first nation to formally quit the EU. Denmark's independent region of Greenland exited the EU in 1985. Albania, Iceland, North Macedonia, Montenegro, Serbia, and Turkey are among the nations that have expressed interest in joining. Potential candidates include Bosnia and Herzegovina. Non-EU nations that use the euro include Monaco, San Marino, and Vatican City.
Impact of the European Union
On the member nations, the European Union had a significant influence. The post-war economic recovery of numerous nations was made possible by the EU. Since they joined the EU, European nations have seen growth in their collective GDP and have largely escaped severe financial crises. Here, the financial condition in Greece is not included. After the Soviet Union fell in 1991, democratic administrations were established in eastern Europe. The European Union has become a stronger global superpower. After China and the United States of America, it has the third-largest GDP worldwide. People living in countries engaged in active conflict have received antagonism from the EU. The Middle East is where most of the migrants are from.
Conclusion
The political and economic union of European nations is known as the European Union. The EU has a total of 27 members. Its major objective is to advance justice, security, and peace within EU boundaries. The EU has 447 million people living in it. Establishing a unified, consistent system across Europe was its primary goal. In nominal terms, the European Union's Gross Domestic Product (GDP) is USD 17 trillion. In 2012, the EU received the Noble Peace Prize. The European Union is a participant in international bodies like the G7, G20, UN, and NATO. The founding members of the European Union were Belgium, the Netherlands, Italy, West Germany, France, and Luxembourg.
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