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The European Union (EU) is a supranational political and economic union of 27 member states that are located primarily in Europe. [9] [10] [11] The union has a total area of 4,233,255 km 2 (1,634,469 sq mi) and an estimated total population of over 449 million.
The Flag of Europe The location of the European Union. The following outline is provided as an overview of and topical guide to the European Union: . The European Union (EU) is an economic and political union of 27 member states, located primarily in Europe.
A first concrete attempt to create an economic and monetary union between the members of the European Communities goes back to an initiative by the European Commission in 1969, which set out the need for "greater co-ordination of economic policies and monetary cooperation," [7] which was followed by the decision of the Heads of State or ...
The primary institutions of the European Union are the European Commission, the Council of the European Union (Council), the European Council and the European Parliament. The ordinary legislative procedure, applies to nearly all EU policy areas. Under the procedure, the Commission presents a proposal to Parliament and the council.
The European Parliament is one of the EU's three main political institutions, along with the European Council, which represents national governments of the 27 member states, and the European ...
The EU has a long-term budget, named Multiannual Financial Framework (MFF), of €1,082.5 billion for the period 2014–2020, representing 1.02% of the EU-28's GNI. [64]The overall budget for the period 2021-2027 is of €1.8 trillion combining the MFF of €1,074.3 billion with an extraordinary recovery fund of €750 billion, known as Next Generation EU, to support member states hit by the ...
Today the EU Court of Justice ruled in favor of the European Commission which had ordered Apple to reimburse 13 billion euros in unpaid taxes to Ireland in 2016, and 2.4 billion euros imposed on ...
The European social model also enjoyed a low degree of external competition as the Soviet bloc, China and India were still isolated from the rest of the global economy. [9] In recent years, some have questioned whether the European social model is sustainable in the face of low birthrates, globalisation, Europeanisation and an ageing population ...