How has the European Union evolved over time from an economic union to an increasingly political one?
European Union is a very strong organisation of European countries. European Union is also called the European Common Market or European Common Community. The European Union is the world’s largest economy with a GDP of more than $12 trillion in 2005. Within a short period of time, it became a very powerful economic and political organisation. It has its own parliament, own flag, anthem and its own currency. The E.U. also exercises political and diplomatic influence.