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EU abbreviation of "European Union," an economic and political union of a large number of democratic countries in Europe. Formed in 1993, this union makes trading between the different countries easier and allows freer movement of people from country to country than existed before. The union currently consists of the countries of Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden. The United Kingdom had been a member of the European Union but left in 2020.
euro the sole currency unit of nineteen countries in the European Union and the currency used in a number of European countries that are not members of the Union. The euro was introduced in 1999, and, in countries that have adopted it, it replaces the type of money that was formerly used.
European Union an economic and political union of a large number of democratic countries in Europe. Formed in 1993, this union makes trading between the different countries easier and allows freer movement of people from country to country than existed before. The union currently consists of the countries of Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden. The United Kingdom had been a member of the European Union but left in 2020.