The European Union (Junior Cert Business Studies): Flashcards

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Introduction to the EU
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How many EU member countries?

27

Trading bloc

Group of countries removing trade barriers, creating common market

Year ECSC formed

1951

ECSC full form

European Coal and Steel Community

Year EEC formed

1957

EEC full form

European Economic Community

Number of countries that formed ECSC

Six

Year Ireland joined EEC

1973

Year EU single market established

1993

Single market free movement of

Goods, services, people, capital

Year Croatia joined EU

2013

Year UK left EU

2020

Three main purposes of EU

Free trade, development support, peace

How EU is funded

Annual budget from member contributions

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