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European Union Profile - How Does It Work?
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A Brief Overview Of The European Union
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A Brief Overview Of The European Union

The European Union (EU) started out life as the European Coal and Steel Community in 1951 with six member countries, and after several name changes, along with a host of expansions over the latter half of the 20th century and into the 21st, it is now a collective of 27 European countries, with another handful of neighbouring nations also attempting to join the union. After the United States, the EU is the next biggest economic and political powerbase on the planet. It's 500 million citizens live in some of the most industrialised lands, with US$18 billion of the World's US$60 billion annual GDP earned by the 27 EU member states. To further strengthen their hand, 16 of the EU's nations have chosen to use a single currency, the Euro, with more member states expected to follow suit when the economic conditions are appropriate for them to do so.

The European Union is known as a business-friendly free market venture, with common political policy shared amongst the 27 member countries on issues such as trade, agriculture, fisheries and regional development. The EU has various laws which enable the free movement of people, goods, services, and capital behind it's borders, and every five years a new European Parliament is elected by member states' citizens to help develop those laws, which works in tandem with both the European Commission and The Council of the European Union (Council of Ministers), amongst many other EU institutions.

In recent years, globalised politics has openly become as important as economics to the union's leadership, with the EU taking a leading role for it's members collectively within the WTO, G8, G20, UN and amongst many other global economic, civil and political organisations. Some people see this as a positive move, but others believe that the EU is becoming too powerful, and is assuming overall control from the 27 national parliaments, which are beginning to loose their separate identity's and overall purpose.

European Union Member States
Country Joined Eurozone 2009 Population (EU Est.) [1] EU Parliament Seats (2009-2014)
Belgium 1951 Yes 10,750,000 22
Netherlands 1951 Yes 16,485,787 25
Luxembourg 1951 Yes 493,500 6
France 1951 Yes 64,350,759 72
Germany 1951 Yes 82,002,356 99
Italy 1951 Yes 60,045,068 72
Denmark 1973 No 5,511,451 13
United Kingdom 1973 No 61,634,599 72
Ireland, Republic of 1973 Yes 4,450,014 12
Greece 1981 Yes 11,260,402 22
Spain 1986 Yes 45,828,172 50
Portugal 1986 Yes 10,627,250 22
Austria 1995 Yes 8,355,260 17
Sweden 1995 No 9,256,347 18
Finland 1995 Yes 5,326,314 13
Latvia 2004 No 2,261,294 8
Estonia 2004 No 1,340,415 6
Hungary 2004 No 10,030,975 22
Cyprus, Republic of 2004 Yes 796,875 6
Malta 2004 Yes 413,609 5
Lithuania 2004 No 3,349,872 12
Poland 2004 No 38,135,876 50
Czech Republic 2004 No 10,467,542 22
Slovenia 2004 Yes 2,032,362 7
Slovakia 2004 Yes 5,412,254 13
Bulgaria 2007 No 7,606,551 17
Romania 2007 No 21,498,616 33
Countries already accepted as official candidates to join the EU: Croatia / Macedonia / Turkey
Countries which have applied to join the EU: Albania / Iceland / Montenegro
Future potential EU member countries: Bosnia & Herzegovina / Serbia / Kosovo
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