The European Union, popularly known as the E.U, is the political and economic juncture of 27 nations. Alphabetically the list includes Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxemburg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom. Romania and Bulgaria are the most recent European Union additions.
The pioneer to the E.U was based after the Second World War. This was a modest effort to unite European counties. The first nations to unite together were France, Italy, Luxemburg, Belgium, Germany, and Luxemburg. These countries are known as the founding members of the European Union. Gradually more and more European nations joined the European Union.
The European Union came into effect after the Treaty of Maassticht. The European Union aims at strengthening the democratic governing of the partaking nations. This shall improve their good organization and working. The European Union was intended to set up economic and financial alliance. This step was made to secure these countries and represent them as a union in front of the world. These countries have to follow some basic laws. The European Union countries should have democratic rule and human right protection. All the European Union counties are supposed to follow certain objectives on the subject of monitory issues.
The body that represents the people of European Union is called the European Parliament. The European Commission manages people’s interests like finance etc. The chief decision making body is the Council of the European Union. It has all the legislative powers. All these bodies are based on democracy and equal rights. The Commission elects a Commissioner of each member state to control the state affairs. There are other sub bodies like banks, courts and committees to help the smooth functioning of the European Union. The court of justice is the fundamental legislative body of the European Union. The court of Auditors monitors the European Union financial plan and expenditure.
The European Union is chiefly looking for growth and harmony between its member states. For this purpose the European Union arranges for several meetings, agendas and treaties from time to time. The European Union has establishes a common market in Europe. The European Union imposed a common currency called the “Euro” in all its member nations. This has made its special place in world’s market. Europe emerged as a powerful region in front of the world.