European Union (EU)
An economic association of European countries founded by the Treaty of Rome in 1957 as a common market for six nations. It was known as the European Community until January 1, 1994 and currently comprises 15 European countries. Its goals are a single market for goods and services without any economic barriers, and a common currency with one monetary authority.
Nearby TermsEuropean Systemic Risk Council (ESRC) European terms European Union (EU) European, Australia, and Far East index (EAFE index) European-style exercise
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University