Answer:
• The EU was formed to support the European economy
• The EU is an economic union of European nations
• EU Nations use a common currency the euro​
Explanation:
The European Union is regarded as a political and an economic union of the member states which are about 27 members and located in Europe.
The European Union was formed to support the European economy and the members use a common currency which is the euro​. The EU removes protectionist measures from member states.