European Union – Drishti IAS

Category: European Union

The European Union is a group of 28 countries that operate as a cohesive economic and political block.

19 of these countries use EURO as their official currency. 9 EU members (Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Poland, Romania, Sweden, and the United Kingdom) do not use the euro.

The EU grew out of a desire to form a single European political entity to end centuries of warfare among European countries that culminated with World War II and decimated much of the continent.

The EU has developed an internal single market through a standardised system of laws that apply in all member states in matters, where members have agreed to act as one.

Evolution of EU has roots in looking for an integration of divided Europe because of excessive nationalism over a long period of time which also witnessed two world wars. It has played an important role in improving economic conditions and raising living standard of people in weaker members of group.

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European Union - Drishti IAS

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February 3rd, 2021
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