The European Union is an economic and political partnership among 15 European countries that aims to promote trade and humanitarian goals. Key aspects of the EU include the common currency (euro), free trade agreements, a common agricultural policy, labor rules, and efforts to promote international peace such as through the United Nations. The EU constitution outlines the union's values and objectives and aims for deeper integration, though some argue it could turn the bloc into a superstate. Public opinion in Europe generally favored the euro over national currencies.
4. What is the EU? The European Union is a unique, treaty-based, institutional framework that defines and manages economic and political cooperation among its fifteen European member countries.
7. Trade Trade centers on the exchange of goods and/or services . Exchanges may take place between two parties (bilateral trade) or amongst more than two parties (multilateral trade). In its original form trade necessarily used barter and the exchange of goods and services and recognized equal value desirable to both parties.
8. Modern economy Modern traders generally negotiate through the use of a medium of exchange, i.e. money , and rarely through barter: as a result one can separate buying and earning from selling. The invention of money greatly simplified and promoted the development of trade.
9. Free Trade "Free markets and open trade are the best weapons against poverty, disease and tyranny," said President George W. Bush speaking about a pursuing a free trade agreement with all the countries of Central America at the World Affairs Council National Conference held at the Organization of American States in Wash., D. C., Jan. 16.
10. As of January 1, 2002, the euro is the official legal tender of twelve of the EU countries replacing their national currencies.
11. Humanitarian development In addition to the active participation of the EU member states, the European Union has been a permanent observer at the United Nations since the mid-1970s. Both organizations share common goals in encouraging international peace and humanitarian development.
12. International Peace The EU has joined the UN in a number of programs promoting international peace and security; developing stronger relations among nations; and cooperating in solving international, economic, social, cultural, human rights, trade, and humanitarian problems.
13. Common Agricultural Policy The Common Agricultural Policy ( CAP ) is a system of European Union agricultural subsidies and programmes. It represents 62% of the EU's budget, €49.8 billion in 2006 .
14. EU labor rules For many of the EU candidate countries in eastern Europe, unemployment in agriculture is a significant problem.
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18. Should the people understand what is happening with the EU? Why would Mommet be against it?