What is the European Union ( Shengen Zone) ?
The European union traces its origins to the European Coal and Steel Community (ECSC) and the European Economic Community (EEC), which were established in the 1950s. The modern-day EU was formally established in 1993 with the Maastricht Treaty, The EU has several key institutions that govern it, including the European Parliament, the European Commission, the Council of the EU, and the European Court of Justice, About 19 of the 27 EU member states use the euro as their official currency, which is managed by the European Central Bank. The EU has policies and regulations covering many areas, such as the single market, agriculture, trade, environment, security, and more.
The European Parliament is directly elected by EU citizens, it serves as the legislative branch and The executive branch that proposes legislation and enforces EU laws, The main Council of the European Union Represents the national governments, acting as a legislative body, They are made up of the heads of state/government, it sets the EU’s overall political direction.
The European Union known as Schengen Area is a zone comprising 28 countries that have abolished passport control at their mutual borders. This means that people can move freely within the area without the need for passport checks. The Schengen Agreement promotes the concept of open borders and facilitates travel and trade.
One of the main advantages of the Schengen Area is that it facilitates tourism, trade, and business within Europe, as it eliminates the need for passport control and border checks between member countries, This makes travel easier and more convenient for citizens of countries within the Schengen Zone.
European Union (EU) by Economic
The EU has the largest economy in the world, with a combined GDP of over $17 trillion in 2022, The top economies in the EU are Germany, France, Italy, Spain, and the Netherlands, The GDP per capita varies significantly across EU member states, ranging from around $25,000 in Central and Eastern European countries to over $50,000 in the Nordics and Luxembourg.
Trade
The EU is the world’s largest trading bloc, accounting for over 15% of global trade in goods and services, Intra-EU trade (trade between member states) makes up the majority of EU trade activity.Key exports include machinery, vehicles, pharmaceuticals, and chemicals. Top imports are fuels, machinery, vehicles, and chemicals.
Currency
19 of the 28 EU member states use the Euro as their currency, forming the Eurozone. The Euro is the second most widely used currency in the world after the US dollar. The European Central Bank (ECB) is responsible for monetary policy and euro currency management.
Countries outside the Eurozone, like Poland and Sweden, have maintained their national currencies.
Labor Market
The EU has a workforce of over 220 million people. Unemployment rates vary significantly, from under 3% in Czechia to over 15% in Greece, The EU has laws promoting worker rights, including minimum wages, working hours, and worker protections.
Economic Policy
The EU has a single market with free movement of goods, services, capital, and labor. Monetary policy is set by the European Central Bank for Eurozone countries.
Fiscal and economic policies are coordinated at the EU level, but member states maintain significant autonomy.
European Union (EU) by Culture
The EU promotes cultural exchange programs like Erasmus+ to enable student and worker mobility. European films, TV shows, and music enjoy global popularity, reflecting the continent’s cultural influence.
Immigration has added further diversity, with cities like London and Berlin becoming hubs of multicultural dynamism.EU countries celebrate many traditional festivals, holidays, and cultural events, like Carnival, Oktoberfest, and Christmas markets.
Intangible cultural heritage, like traditional crafts, folk music, and rituals, are preserved across the EU. Sports like football (soccer), cycling, and rugby are deeply embedded in European culture and identity.