European Union is a political and economic union consisting off 27 member states. European Union's population numbers approximately 447 million people. European Union was founded in 1993 when the Treaty on European Union, better known as the Maastricht Treaty came into force. The European Union has its roots in the European Coal and Steel Community that was founded in 1957, as well as the European Economic Community that was founded in 1957. The latest treaty is the Treaty of Lisbon that has introduced a number of reforms in the way the European Union functions. Among those reforms is the European External Action Service that is headed by the High Representative of the Union for Foreign Affairs and Security Policy. Today, th...