New Hanseatic League

European economic grouping

The New Hanseatic League, or the Hansa, also called the Hanseatic League 2.0, was established in February 2018 by European Union finance ministers from Denmark, Estonia, Finland, Ireland, Latvia, Lithuania, the Netherlands and Sweden through the signing of a two-page foundational document that set out the "shared views and values in the discussion on the architecture of the Economic and Monetary Union of the European Union (EMU)". The name is derived from the Hanseatic League, a Northern European commercial and defensive league which lasted until the 16th century.

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