The European Community called the European Union since the Treaty of Maastricht in 1992, is a political and economic community of twenty-seven member states and almost 500 million people. In this essay, I will make clear the reasons and the means which permits the EU to become a major world power in economic, trade and monetary terms. The first Community was created at the end of the Second World War when reconstructing the economy of the continent of Europe. The idea of pooling Franco-German coal and steel production came about and the European Coal and Steel Community (ECSC) was formed.
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