The European Union is the World’s most successful invention for advancing peace.

–John Bruton

European Union officially came into existence after the Maastricht Treaty was signed in 1993. However, the foundation of the organization lies in years of economic cooperation which started as early as 1951 with the European Economic Community. The Union is an example of an international organization which has been able to bring peace and stability to the war ravaged continent. The Union’s role permeates various spheres of public life in the member states including political, social and economic spheres. Such is the appeal of European Union that various countries having been petitioning to join it including Turkey. On 13th December in 2002, European Union expanded to include 10 more European countries into its fold. These include Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia. Most of these countries had only become independent after the dissolution of Soviet Union. However, the European Union is not without its pitfalls; the recent exist of Britain from EU has unleashed a series of debates about the efficacy of such institutions.