European economics refers to the economic systems and practices of the countries within Europe. It encompasses a diverse range of economies, from the highly developed markets of Germany and France to the emerging economies in Eastern Europe. The European Union (EU) plays a significant role in shaping economic policies, promoting trade, and ensuring economic stability among member states. The euro, the common currency used by 19 of the 27 EU countries, facilitates easier trade and investment across borders. European economics also focuses on issues like unemployment, inflation, and economic growth, with various policies aimed at fostering cooperation and development among nations.