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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, as it is now known, now consists of 25 member states and presidency of the organisation changes annually. Britain, Ireland and Denmark joined in 1973, Greece joined in 1981, Spain and Portugal in 1986, Austria, Finland and Sweden in 1995.he European Union, as it is now known, now consists of 25 member states and presidency of the organisation changes annually. Britain, Ireland and Denmark joined in 1973, Greece joined in 1981, Spain and Portugal in 1986, Austria, Finland and Sweden in 1995.