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The European Union is seen to be the direct successor of many previous European organizations such as the European Economic Community and the European Atomic Energy Community. The signing of the Lisbon Treaty in 2007 officially established the European Union. This organization created political and economic networks among its 27 member countries. A major implementation of the E.U. was the adoption of one major currency, called the Euro. One plan for the Euro was to minimize dangerous fluctuation in currency value and allow more efficient trade between member states.

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