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European Union
a union of European nations created by treaty and put into effect in 1993 for the purpose of working gradually toward an economic and political unification of Europe by means of a unified monetary policy, a common currency, standardized laws of commerce and trade, etc.
See European Union in American Heritage Dictionary 4
Abbr. EU
An economic and political union established in 1993 after the ratification of the Maastricht Treaty by members of the European Community and since expanded to include numerous Central and Eastern European nations. The establishment of the European Union expanded the political scope of the European Economic Community, especially in the area of foreign and security policy, and provided for the creation of a central European bank and the adoption of a common currency, the euro.
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