European Union Europe made up more than 30 countries and even more distinct cultures; it is now trying to adjust to new economic systems throughout the world. Today with the trend toward big trading blocks like: N.A.F.T.A. or G.N.A.T.T. Europe is trying to advance it's old Trading block called the European Economic Community (EEC) to become the European Union. The current membership of 15 country's is ruled by one European Parliament. Under the E.U. each country will be under one currency called the Euro dollar (which is to come into effect on January 1st of 1999), one central banking system, and will be regulated with the same set of laws. In effec