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European Union Fast Facts CNN Editorial Research © Getty Images/file European Union flag at the Mirador de San Vicente in Rio Madrid, Spain, April 2011. (Photo by Cristina Arias/Cover/Getty Images) Here is a look at the European Union. About the European Union It governs common economic, political, social and security policies of its member states. According to the EU website, the objectives of the European Union are to establish European citizenship, ensure freedom, justice and security, promote economic and social progress, and assert Europe s role in the world. Membership is open to any country with a democratic government, a good human rights record and sound economic policies.

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