The European Union (EU) is a political and economic union of 27 member states located primarily in Europe. It was established with the aim of promoting peace, stability, and economic prosperity among its member countries. The EU operates through a system of supranational institutions and intergovernmental decision-making, with the European Commission, European Council, and European Parliament being the main bodies. The EU has a single market, allowing for the free movement of goods, services, capital, and people within its member states. It also has a common currency, the euro, which is used by 19 member countries. The EU has a wide range of policies and initiatives covering areas such as trade, agriculture, environment, justice, and security.
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