The European Union's origins trace back to post-WWII efforts to foster peace through economic cooperation. It began with the ECSC in 1951 and evolved into a significant political and economic entity with the Treaty of Rome, Maastricht Treaty, and the introduction of the Euro. The EU's institutional framework, principles, and objectives aim to promote unity and stability, while Brexit has prompted a re-evaluation of its direction.
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The ECSC was created in 1951 to promote economic cooperation and prevent conflict among European countries
The EEC, established in 1957, aimed to create a common market and strengthen political cooperation among its six founding nations
Through treaties such as the Single European Act and the Maastricht Treaty, the EU expanded and deepened its economic and political integration
The Schengen Agreement, implemented in 1995, abolished border controls between participating countries and facilitated international travel
The adoption of the Euro currency in 1999 and the creation of the Eurozone have greatly contributed to the EU's economic and social cohesion
The EU is guided by principles of democracy, the rule of law, and respect for human rights, as outlined in its treaties and the Charter of Fundamental Rights
The European Commission proposes legislation, implements decisions, and upholds the EU treaties
The European Parliament and Council jointly legislate and exercise budgetary functions
The European Council provides political direction and the Court of Justice interprets EU law to ensure its equal application
The UK's decision to leave the EU, completed in 2020, has raised questions about the EU's future direction and the balance of powers within the union