Understanding the European Union

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European Union abbreviation

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EU

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Number of EU member countries (as of 2024)

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27

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EU currency used by most members

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(€)

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Treaty that created the EU

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Treaty

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Main goal of the EU

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peace and cooperation in Europe

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Schengen Area purpose

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passport-free travel between member countries

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Role of the European Parliament

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and passes EU laws

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Example of EU affecting daily life

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roaming charges for mobile phones in EU countries

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Reason for Brexit

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Kingdom chose to leave the EU for more control over laws and borders

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How EU membership can benefit a country’s economy

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to a large single market and funding for development