Tag: geography

Euro is the single currency which is the second most traded and reserve currency of the world.

European Union with a single currency system had a combined GDP of 18.640 trillion dollars.

The Bioeconomy comprises those parts of the economy that use renewable biological resources from land and sea such as crops, forests, fish, animals and micro-organisms to produce food, materials and energy. European Union is currently working on this.

European Systems of Central Bank is divided into European Central Bank and National Central Bank.

Iceland, Norway and Switzerland are the countries are the member of the European Free Trade Association but not the member of EU.

The European Union operates according to the principles of Conferral which says that it should act only within the limits of the competences conferred on it by the treaties.

Greece is the country of European Union which recently under went the economic crises in 2016.

The Council of the European Union referred to in the treaties and other official documents simply as the 'Council' is the third of the seven Institutions of the European Union (EU) as listed in the Treaty on European Union. It is the other half of the EU legislature (the other legislative body being the European Parliament) and represents the executive governments of the EU's member states. Sometimes it is also referred to as the Council of Ministers.

The euro is the official currency of the European Union. Currently, 19 of 28 member states use the euro; this group of states is known as the eurozone. It is the second most traded currency in the foreign exchange market after the United States dollar. The euro is subdivided into 100 cents.