For 10 points, name this system of 28 European member states.
In July 2014, auditors finally estimated the cost of this organization's monthly rebasing, commonly known as the "travelling circus." This non-US organization has made many "third-country agreements" as part of its FP7 program and its Common Fisheries Policy. Part of this organization bestows a "Freedom of Thought" prize won by (*) Malala Yousufzai. Ending membership in this organization is the primary political concern of an organization led by Nigel Farage called UKIP (YOU-kip). The Schengen Agreement provides for free movement by citizens of this organization, which administers subsidies through a Common Agricultural Policy. This organization's central bank has given bailouts to Portugal and Greece. For 10 points, name this system of 28 European member states.
In July 2014, auditors finally estimated the cost of this organization's monthly rebasing, commonly known as the "travelling circus.
EU [or European Union; or European Parliament; or EuroParl]