Here's a breakdown of the symbolism:
* Number: The number twelve represents perfection and completeness. It's not linked to the number of member states, as the EU has expanded since the flag's creation in 1955.
* Shape: The circle symbolizes unity, solidarity, and the continuity of the European project.
* Color: Gold represents wealth, generosity, and hope.
The stars are arranged in a circle to represent the unity and harmony among the European people. The fact that the stars are gold on a blue field is also significant. Gold represents wealth and generosity, while blue symbolizes peace and stability. Together, they represent the values that the European Union stands for.