Impact European Union [EU] Impact European Union The European Union (EU) is not a threat, but an opportunity. It is more important for companies, governments and other organisations than we often realize. Most of the current legislation stems out of Brussels. The EU has a growing influence in our daily lives, not only through lawmaking but also in areas as economy, environment, safety, subsidies, exchange programmes for SMEs and students and so on. It is very important for every country that deals with the EU to have sufficient of knowledge of European affairs and a good representation of interests in Brussels.