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After World War II, six European countries—West Germany, France, Italy, Belgium, the Netherlands, and Luxembourg—initiated economic and political cooperation to prevent future conflicts by forming the European Coal and Steel Community in 1952. In 1957, they expanded their collaboration by signing a treaty that included trade, leading to the establishment of the European Economic Community. This cooperation continued to grow, culminating in the 1993 rebranding as the European Union. Currently, the EU has 28 member countries, allowing citizens to travel freely among them. Notably, 19 of these nations share a common currency, the euro, which is an unprecedented arrangement among diverse countries.