Battle of Chustenahlah

Introduction

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The European Union (EU) is a supranational political and economic union of 27 member states that are located primarily in Europe. The Union has a total area of 4,233,255 km2 (1,634,469 sq mi) and an estimated total population of over 448 million. The EU has often been described as a sui generis political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation.

Containing 5.8% of the world population in 2020, EU member states generated a nominal gross domestic product (GDP) of around US$16.6 trillion in 2022, constituting approximately one sixth of global nominal GDP. Additionally, all EU states except Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act as one. EU policies aim to ensure the free movement of people, goods, services and capital within the internal market; enact legislation in justice and home affairs; and maintain common policies on trade, agriculture, fisheries and regional development. Passport controls have been abolished for travel within the Schengen Area. The eurozone is a group composed of the 20 EU member states that have fully implemented the economic and monetary union and use the euro currency. Through the Common Foreign and Security Policy, the union has developed a role in external relations and defence. It maintains permanent diplomatic missions throughout the world and represents itself at the United Nations, the World Trade Organization, the G7 and the G20. Due to its global influence, the European Union has been described by some scholars as an emerging superpower.

In 2012, the EU was awarded the Nobel Peace Prize. The United Kingdom became the only member state to leave the EU, in 2020; ten countries are aspiring or negotiating to join it. (Full article...)

Selected article

The euro (currency sign: ; currency code: EUR) is the official currency of the European Union (EU). Nineteen member states have adopted it, known collectively as the Eurozone (Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, Spain). The currency is also used in five further countries with formal agreements and six other countries without such agreements. Hence it is the single currency for over 320 million Europeans. Including areas using currencies pegged to the euro, the euro directly affects close to 500 million people worldwide. With more than €610 billion in circulation as of December 2006 (equivalent to US$802 billion at the exchange rates at the time), the euro is the currency with the highest combined value of cash in circulation in the world, having surpassed the U.S. dollar (USD). Taking official estimates of 2007 GDP, the Eurozone is the largest economy in the world by March 2008 after the USD/EUR exchange rate surpassed 1.56.

The euro was introduced to world financial markets as an accounting currency in 1999 and launched as physical coins and banknotes on 1 January 2002. It replaced the former European Currency Unit (ECU) at a ratio of 1:1. The euro is managed and administered by the Frankfurt-based European Central Bank (ECB) and the Eurosystem (composed of the central banks of the euro zone countries). As an independent central bank, the ECB has sole authority to set monetary policy. The Eurosystem participates in the printing, minting and distribution of notes and coins in all member states, and the operation of the Eurozone payment systems.

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Siege of Kolberg
Banknote design credit: Kingdom of Prussia; scanned by Andrew Shiva
The siege of Kolberg took place from March to July 1807 during the War of the Fourth Coalition, part of the Napoleonic Wars. An army of the First French Empire and several foreign auxiliaries (including Polish insurgents) of France besieged the fortified town of Kolberg, the only remaining Prussian-held fortress in the Province of Pomerania. The siege was ultimately unsuccessful and was lifted upon the announcement of the peace of Tilsit. These three banknotes, in denominations of two, four and eight groschen, were issued by the Prussian authorities in Kolberg as emergency money during the siege. Each was handwritten on cardboard with multiple authorising signatures and was stamped with the seal of the local government. The banknotes are now part of the National Numismatic Collection at the Smithsonian Institution in the United States.

Did you know?

... that the presidency of the EU Council rotates every half year?

... that the EU parliamentary election is the world's biggest transnational election?

... that the European Union was awarded the Nobel Peace Prize in 2012?

Selected city

Bucharest

Bucharest is the capital city and industrial and commercial centre of Romania. It is located in the southeast of the country, and lies on the banks of the Dâmboviţa River. By European standards Bucharest is not an old city, its existence first being referred to by scholars as late as 1459. Since then it has gone through a variety of changes, becoming the state capital of Romania in 1862 and steadily consolidating its position as the centre of the Romanian mass media, culture and arts. Its eclectic architecture is a mix of historical, interbellum, Communist-era, and modern. In the period between the two World Wars, the city's elegant architecture and the sophistication of its elite earned Bucharest the nickname of the "Paris of the East" or "Little Paris".

According to the 2011 census, Bucharest proper has a population of 1,883,425. There are approximately 2.3 million inhabitants in the greater metropolitan area. Economically, the city is by far the most prosperous in Romania and is one of the main industrial centres and transportation hubs of Eastern Europe. As the most important city in Romania, Bucharest also has a broad range of educational facilities.

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