- An economic association of European countries founded by the Treaty of Rome in 1957 as a common market for six nations. It was known as the European Community until January 1, 1994 and currently comprises 15 European countries. Its goals are a single market for goods and services without any economic barriers, and a common currency with one monetary authority. Bloomberg Financial Dictionary————European Union - an economic association of European countries founded by the Treaty of Rome in 1957 as a common market. It was known as the European Community ( EC) before 1993. The EU Member States are: Austria; Belgium; Cyprus; Czech Republic; Denmark; Estonia; Finland; France; Germany; Greece; Hungary; Ireland; Italy; Latvia; Lithuania; Luxembourg; Malta; Poland; Portugal; Slovakia; Slovenia; Spain; Sweden; The Netherlands and the United Kingdom. HM Customs & Revenue Glossary————Political and economic grouping of European member states. Dresdner Kleinwort Wasserstein financial glossary
* * *EU EU ORGANIZATIONSabbreviation for European Union:
• the member countries of the EU
* * *European Union. The umbrella term introduced in the Maastricht Treaty to refer to the three-pillar construction in Europe of the European Community and two new areas of co-operation; common foreign and security policy, and justice and home affairs. It has taken over in common usage to refer to the Community in all its aspects.
Financial and business terms. 2012.