Portal:European Union
Introduction
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 449 million. The EU is often described as a sui generis political entity combining the characteristics of both a federation and a confederation. Containing 5.5% of the world population in 2023, EU member states generated a nominal gross domestic product (GDP) of around €17.935 trillion in 2024, constituting approximately one sixth of global nominal GDP. 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 pictureDid you know?...that the President of Ireland, who serves as head of state, is elected for a seven year term and can be re-elected only once? ...that within the Eurozone the European Central Bank has the exclusive authority to set monetary policy? Selected cityNicosia, known locally as Lefkosia is the capital and largest city of Cyprus. Nicosia is located at 35°10' north, 33°21' east (35.1667, 33.35). Located on the Pedieos river and situated roughly in the centre of the island, it is the seat of government as well as the main business centre. Nicosia is the center and capital of an administrative district (Nicosia District), and after the fall of the Berlin Wall, it is currently the only divided capital city in the world, with the northern (Turkish) and southern (Greek) portions divided by the "Green Line", a demilitarized zone maintained by the United Nations. The 1974 Turkish invasion and occupation of 36 percent of the island's territory literally cut the capital in half. The population of the part of the city under the control of the Republic of Cyprus is 206,200 (end of 2001). Nicosia is a modern, dynamic capital with lots of shops, restaurants and entertainment.The city is a trade center and manufactures textiles, leather, pottery, plastic, and other products. Copper mines are nearby. Nicosia is the seat of the University of Cyprus (UCY) and of all the colleges and institutes of Republic of Cyprus. General imagesThe following are images from various European Union-related articles on Wikipedia.
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