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The European Union (abbreviation: EU) is a confederation of 28 member countries in Europe, started in 1957 as the European Economic Community (EEC). It has created a common economic area with Europe-wide laws allowing people to move and trade in other EU countries almost the same as they do in their own.
The European Union was formally established when the Maastricht Treaty came into force on 1 November 1993, and in 1995 Austria, Sweden and Finland joined the newly established EU.In 2002, euro notes and coins replaced national currencies in 12 of the member states.n 1986 the European flag began to be used by the Community and the Single European Act was signed. The Iron Curtain's fall enabled eastward enlargement. (Berlin Wall). In 1990, after the fall of the Iron Curtain, the former East Germany became part of the Community as part of a newly united Germany.