Your CPU is on the low side but other then that it looks fine.
As you might know EU4 runs on a modified Crusader Kings 2 engine.
Link to test your PC against CK2.
http://www.systemrequirementslab.com
Search for Crusader Kings 2
Minimum System Requirements
•Operating system: XP/Vista/Windows7
•Processor: Intel® Pentium® IV 2.4 GHz or AMD 3500+
•Memory: 2 Gb RAM
•Hard disk space: 2 GB Available HDD Space
•Video: NVIDIA® GeForce 8800 or ATI Radeon® X1900, 512mb graphics memory required.
•Resolution at least: 1024*768
•Sound: Direct X-compatible sound card
•DirectX®: DirectX 9
•Controller support: 3-button mouse, keyboard and speakers
•Special multiplayer requirements: Internet Connection or LAN for multiplayer
•Multiplayer: Up to 32 other players in multiplayer mode