The European Union (EU) is a sui generis supranational organization established by the Maastricht Treaty (Treaty on European Union), signed on 7 February 1992 and entering into force on 1 November 1993. It built on earlier European Communities dating from the 1951 Treaty of Paris (which created the European Coal and Steel Community) and the 1957 Treaties of Rome (which created the European Economic Community and Euratom).
The EU operates through a distinctive institutional architecture:
- The European Commission, the executive body that proposes legislation and enforces treaties.
- The European Parliament, directly elected by EU citizens since 1979.
- The Council of the European Union, representing member state governments.
- The European Council, comprising heads of state or government, which sets strategic direction.
- The Court of Justice of the European Union (CJEU), which interprets EU law.
- The European Central Bank, which manages the euro.
The current legal framework rests on the Treaty on European Union and the Treaty on the Functioning of the European Union, both as amended by the Treaty of Lisbon (signed 2007, in force 1 December 2009). The EU has exclusive, shared, or supporting competences depending on policy area, with foreign and security policy coordinated through the Common Foreign and Security Policy (CFSP) under a High Representative.
Nineteen of the original signatories adopted the euro, with the eurozone expanding to 20 members after Croatia joined on 1 January 2023. The Schengen Area allows passport-free movement among most member states plus several non-EU neighbors.
Enlargement has occurred in successive waves, most notably the 2004 accession of ten central and eastern European states. The United Kingdom left the EU on 31 January 2020 following the 2016 referendum, the first withdrawal under Article 50 TEU. The EU was awarded the Nobel Peace Prize in 2012 for advancing peace, reconciliation, democracy, and human rights in Europe.
Example
In February 2022, the European Union adopted coordinated sanctions packages against Russia following the invasion of Ukraine, including freezing central bank assets and removing selected Russian banks from SWIFT.
Frequently asked questions
The EU has 27 member states following the United Kingdom's withdrawal on 31 January 2020.
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