| − | |area =1,669,807 sq mi (4,324,782 km²) | + | |area =4,324,782 km²(1,669,807 sq mi) |
| − | The '''European Union (EU)''' is a legal and economic union of 27 [[Europe|European]] nations. It was formed in 1993 with the ratification of the [[Maastricht Treaty]], though its predecessor, the European Economic Community, was founded in 1957. | + | The '''European Union (EU)''' is a legal, political and economic union of 27 [[European]] countries. It was formed in 1993 with the ratification of the [[Maastricht Treaty]], though its predecessor, the European Economic Community, was founded in 1957. |
| − | As an institution, the EU has more powers over its member states and their citizens than is the case with most international bodies; 15 of its member states also use a common [[currency]], the [[euro]]. It is not, however, generally regarded as a federation or state in its own right. Rather, it stands somewhere between these two points. | + | As a set of institutions, the EU has more powers over its member states and their citizens than other international bodies; many of its competencies are supranational (above the member states) rather than intergovernmental (between them). Despite having a legal personality and sovereignty in agreed areas, it is not regarded as a federation or state in its own right: rather, it stands somewhere between these two points. Fifteen member states use a common [[currency]], the [[euro]]; five other states formally agree to use it, and four others use it without formal agreement. |