Eurasia's megamarkets EU Economy

The combined GDP of the EU countries is the highest in the world (USA: $ 14.2 trillion). 16 EU member states have joined the European Monetary Union (EMU), adopting the Euro (€) as a single currency: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, The Netherlands, Portugal, Slovenia, Slovakia, Spain. The single market has made trade between EU countries much easier as goods, services, capital and people can now move freely across national borders. Although the EU represents 7% of the world population, it accounts for 38% of world trade (exports and imports) and generates 30% of the world gross product. The world’s biggest exporter remains Germany. Businesses see the EU as a safer destination for their investments, according to 40% of global investors interviewed by Ernst & Young.