SET 2 A)The European Union is a unique economic and political union between 28 European countries that together cover much of the continent. The EU was created in the aftermath of the Second World War. The first steps were to foster economic cooperation: the idea being that countries that trade with one another become economically interdependent and so more likely to avoid conflict. The union’s founding principles, known as the four freedoms; guarantee the free movement of people, goods, services and capital.
The European Economic Community (EEC), created in 1958, resulted in increasing economic cooperation between six countries: Belgium, Germany, France, Italy, Luxembourg and the Netherlands. Since then, a huge single market has been created and continues to develop towards its full potential.
The EU is based on the rule of law- everything it does is founded on treaties, voluntarily and democratically agreed by its member countries.
Mobility, growth, stability and a single currency-The EU has delivered more than half a century of peace, stability and prosperity, helped raise living standards and launched a single European currency: the euro. Thanks to the abolition of border controls between EU countries, people can travel freely throughout most of the continent. And it has become much easier to live, work and travel abroad in Europe. The single or 'internal' market is the EU's main economic engine, enabling most goods, services, money and people to move freely.