The document provides an overview of the European Union (EU) in 3 paragraphs: 1) The EU is an economic and political union of 27 member states located primarily in Europe, forming the largest regional economic body in the world and most open market for developing countries. Key symbols of the EU include the flag and anthem. 2) The EU was formed in 1957 with 6 founding members through the Treaty of Rome, which established free movement of goods, capital and labor within the union. 3) Over the past 50+ years, the EU has brought peace and prosperity to Europe through cooperation and economic integration between members, including the establishment of a single market and common currency adopted by 15 members.