A World Player

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The sheer size of the European Union in economic, trade and financial terms makesit a world player. It has a web of agreements with most countries and regions ofthe globe. The biggest international trader and home to the euro the worldʹssecond currency the EU spends 500 million a month on assistance projects inall five continents.The European Union is putting in place a common foreign and security policy sothat its members can act together on the world stage as a united force for stability,cooperation and understanding. At the same time, the EU is developing adefence capability and has undertaken its first peacekeeping missions. It is alsoengaged in fighting terrorism.By helping build security and stability in the wider world, the EU is also helpingto make life safer for people within its own borders.The EU is particularly active in promoting the human aspect.