The week's top five must-sees,
delivered to your inbox.
European Union
Description
The European Union is an economic and political union of 27 member states that are located primarily in Europe. The EU operates through a system of supranational independent institutions and intergovernmental negotiated decisions by the member states. Institutions of the EU include the European Commission, the Council of the European Union, the European Council, the Court of Justice of the European Union, the European Central Bank, the Court of Auditors, and the European Parliament. The European Parliament is elected every five years by EU citizens. The EU's de facto capital is Brussels.
The EU traces its origins from the European Coal and Steel Community and the European Economic Community, formed by the Inner Six countries in 1951 and 1958 respectively. In the intervening years the community and its successors have grown in size by the accession of new member states and in power by the addition of policy areas to its remit. The Maastricht Treaty established the European Union under its current name in 1993. The latest major amendment to the constitutional basis of the EU, the Treaty of Lisbon, came into force in 2009.
The EU has developed a single market through a standardised system of laws that apply in all member states. Within the Schengen Area passport controls have been abolished. EU policies aim to ensure the free movement of people, goods, services, and capital, enact legislation in justice and home affairs, and maintain common policies on trade, agriculture, fisheries and regional development.
(via Freebase)
The European Union has been awarded the Nobel Peace Prize. There were gasps of surprise when the announcement was made in the Norwegian capital, Oslo.The EU was chosen over other contenders that included the founder of Microsoft, Bill Gates, forme...
Greeks who are angry about austerity measures being imposed on their country by the European Union and IMF in return for a financial bailout are protesting against a visit to Athens by Germany's Angela Merkel. But CNN's Mathew Chance says the Germ...
Greek Prime Minister Antonis Samaras is trying to push a new round of austerity measures through parliament in order to obtain a vital new cash injection from the EU. But obtaining consensus on where the latest painful cuts should come from is far...