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GlossaryWorld

European Union

A political and economic union of European countries with a single market, shared laws in many areas and, for many members, the euro.

Also called EU

Why it matters

EU rules on trade, technology and competition affect companies and people far beyond Europe.

European Union in the news

More World terms

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Sanctions

Penalties such as trade bans, asset freezes or travel bans imposed by one or more countries on another country, group or person.

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Geopolitics

The way geography, resources and power shape relations and rivalries between countries.

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Summit

A meeting of heads of state or government to discuss major issues and reach agreements.

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NATO

A military alliance of North American and European countries whose members agree to defend each other if one is attacked.

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