eu27

EU27 refers to the European Union comprising 27 member states. This designation came into effect on February 1, 2020, following the withdrawal of the United Kingdom from the EU. The 27 member states are Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.

The EU27 is a political and economic union that aims to promote peace, its values, and the well-being of its citizens. It operates through a system of supranational institutions and intergovernmental negotiations. The European Parliament, the European Council, the Council of the European Union, the European Commission, and the Court of Justice of the European Union are its primary institutions.

The EU27 has a single market that allows for the free movement of goods, services, capital, and people among member states. It also has a common currency, the euro, adopted by 19 of the member states. The EU27 engages in various policy areas, including trade, agriculture, environment, justice, and foreign affairs. Its decisions and policies have a significant impact on its member states and the global stage. The current composition of the EU27 reflects a significant geopolitical and economic bloc in the world.