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Home > QFINANCE Dictionary > Definition of EU

Definition of


Economics abbr

organization of European nations European Union: a social, economic, and political organization involving 27 European countries. It came into effect in 1993 as a result of the signing of the Maastricht Treaty by 15 countries; others countries joined later. Precursors were the European Community (EC) and the European Economic Community (EEC).

Related definitions of "EU"

EU - Related Articles
  • The EU Regulatory Regime


    This checklist outlines the regulatory structure for financial markets in the European Union (EU).

  • Austerity vs Stimulus in the Context of the EU Crisis


    While most EU countries have opted for strong austerity measures to try to pull their way out of the economic crisis, the United States has followed the Keynesian logic in which large spending is vital in times of crisis to allow market stabilization
    By Patricia Gabaldón

  • The Payment Services Directive: A Crucial Step Toward Payment Harmonization Across the EU

    Best Practice

    The Payment Services Directive (PSD) provides a legal framework for payment services in the internal market of the EU and the European Economic Area (EEA). It was adopted by European legislators on November 13, 2007, for transposition into national law by the 27 EU member states by November 1, 2009 (about half of the EU countries took a bit longer than foreseen by the official deadline and completed their transposition in 2010
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  • Fragment or Unite—But Decide! The Future of EU Financial Supervision


    This may yet happen. But, for now, reality speaks a different language. It is indeed correct that the agreement of, initially, eurozone members and, subsequently, all EU members on common principles and elements for the rescue packages for the banking industry represented a major breakthrough
    By Bernhard Speyer, Norbert Walter


Definitions of ’EU’ and meaning of ’EU’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’EU’ and other financial terms with our online QFINANCE Financial Dictionary.

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