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Portal:European Union

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Introduction

  Welcome to the European Union Portal!

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

Chapel of the Gate of Dawn
The Chapel of the Gate of Dawn is a Catholic chapel and pilgrimage site on the city gates of the Lithuanian city of Vilnius. It is home to Our Lady of the Gate of Dawn, a painting of the Blessed Virgin Mary in the Northern Renaissance style. In this image, the painting is covered in expensive and elaborate silver and gold clothes, leaving only the face and hands visible. Legend tells that in 1702, when Vilnius was captured by the Swedish army during the Great Northern War, Our Lady of the Gate of Dawn rescued the city: at dawn, the heavy iron city gates of the gate fell, killing four Swedish soldiers and promoting a successful Lithuanian counter-attack near the gate.

Did you know?

... that the presidency of the EU Council rotates every half year?

... that the EU parliamentary election is the world's biggest transnational election?

... that the European Union was awarded the Nobel Peace Prize in 2012?

Selected city

Sofia

Sofia is the capital and largest city of the Republic of Bulgaria, with a population of 1,246,791, and some 1,377,761 in the metropolitan area, the Capital Municipality. It is located in western Bulgaria, at the foot of the mountain massif Vitosha, and is the administrative, cultural, and economic centre of the country.

The history of Sofia dates back to the 8th century B.C, when Thracians established a settlement there. Sofia has had several names in the different periods of its existence, and remnants of the city's millenary history can still be seen today alongside modern landmarks. Sofia is one of the oldest capital cities in Europe, blending its past and present in a remarkable architectural style. Historic landmarks include the 10th-century Boyana Church, the Alexander Nevski Cathedral, and the early Byzantine Saint Sofia Church. More modern architecture is represented by the Bulgarian National Opera and Ballet, the Ivan Vazov National Theatre, the Rakovski Str theatre district, Slaveykov Square's outdoor book market, and the NDK. Sofia is the see of an Eastern Orthodox and of a Roman Catholic diocese.

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