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Legal Terms - European Union (EU)
The 27 nations that have united to establish an economic community with shared monetary, political, and social objectives. The European Union was established on 1 November 1993 in accordance with the provisions of the Maastricht Treaty. It consists of the three European Communities, augmented by the implementation of a common foreign and security policy (CFSP), necessitating collaboration among member states in foreign policy, security, and justice and home affairs. The founding members of the European Economic Community were Belgium, France, Germany, Italy, Luxembourg, and the Netherlands, which ratified the Treaty of Rome in 1957. The United Kingdom, the Republic of Ireland, and Denmark acceded in 1972, Greece in 1981, and Spain and Portugal in 1986. Following the establishment of the EU, Austria, Sweden, and Finland acceded in 1995; Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia in 2004; Bulgaria and Romania in 2007; and Croatia in 2013. In a referendum conducted in June 2016, the UK people opted to exit the European Union; this decision was officially enacted in January 2020 and became fully effective on 31 December 2020.
The 27 nations that have united to establish an economic community with shared monetary, political, and social objectives. The European Union was established on 1 November 1993 in accordance with the provisions of the Maastricht Treaty. It consists of the three European Communities, augmented by the implementation of a common foreign and security policy (CFSP), necessitating collaboration among member states in foreign policy, security, and justice and home affairs. The founding members of the European Economic Community were Belgium, France, Germany, Italy, Luxembourg, and the Netherlands, which ratified the Treaty of Rome in 1957. The United Kingdom, the Republic of Ireland, and Denmark acceded in 1972, Greece in 1981, and Spain and Portugal in 1986. Following the establishment of the EU, Austria, Sweden, and Finland acceded in 1995; Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia in 2004; Bulgaria and Romania in 2007; and Croatia in 2013. In a referendum conducted in June 2016, the UK people opted to exit the European Union; this decision was officially enacted in January 2020 and became fully effective on 31 December 2020.
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