The 27 independent sovereign nations that are part of the European Union, agreeing to abide by its laws and regulations for mutual economic and political benefits.
Brexit: The withdrawal of the United Kingdom from the European Union following a referendum held in June 2016.
Eurozone: The group of European Union nations whose national currency is the euro.
Schengen Area: A zone comprising 26 European countries that abolished passport control at their mutual borders.
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