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    European Union Countries

    Uploaded by

    Jusaila Razack

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    European Union Countries

    Uploaded by

    Jusaila Razack
    1 views2 pages

    Original Title

    EU

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    1 views2 pages

    European Union Countries

    Uploaded by

    Jusaila Razack

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    EUROPEAN UNION COUNTRIES

    The European union is the economic and political union of


    28 member state located primarily in Europe. It was established
    to a unity monetary unit is called Euro.
    In 1992, a treaty between several European countries was
    signed agreeing to form a single market which would simplify
    trading between participating member countries.
    EU is an economical and political union of 28 member state
    located primarily in Europe, 16 European unions, 16 European
    countries founded the European monetary union. It is also
    known as EURO ZONE, agreeing to establish one common
    currency called Euro (EUR €).
    Its purpose is to establish the case of business transaction
    within a beyond member countries. With the Euro as a single
    currency trading between there is no need to change money
    from the currency of one EU country using the Euro to that of
    another.
    Since Jan 1 2002, the Euro has become the soul currency of 19
    EU member countries which are,
    • Austria • Belgium • Finland
    • France • Germany • Greece
    • Ireland • Italy • Luxembourg
    • Netherland • Portugal • Slovenia
    • Slovakia • Cyprus • Estonia
    • Malta • Latvia • Lithuania
    • Spain
    The other EU member countries which are not part Euro
    monetary system and continued to use their own national
    currencies. They are,
    • Bulgaria • Czech Republic
    • Denmark • Hungary
    • Poland • Romania
    • Sweden • UK

    On 1st July 2013, Croatia has become the newest member state
    of EU. Andora, Monaco, San Marino, Vatican are not EU
    member countries get these countries have adopted the Euro as
    their official currency.
    In a referendum held June 23 2016, the United Kingdom has
    decided to leave the EUs. Following is strong not Brexit
    (Britain exit) for the UK to leave EU.
    In the meantime, EU law still stands in the UK until it seizes
    being a member a process that could take some time. The UK
    will continue to abide by EU countries and laws but cannot take
    part in any decisions as it negotiates a withdrawal agreement
    and the terms of its relationship with the other 27 EU countries.

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