Search Results

European Community, Communitiesan economic and political association of European States that came into being in 1967, when the legislative and executive bodies of the European Economic Community merged with those of the European Coal and Steel Community and the European Atomic Energy Community: subsumed into the European Union in 1993

Organization formed in 1967 with the merger of the European Economic Community, European Coal and Steel Community, and European Atomic Energy Community. The merger created a single Commission of the European Community and a single Council of Ministers. Other executive, legislative, and judicial bodies also were collected under the umbrella of the ...

A consultative branch of the governing body of the European Union (EU). It is composed of the heads of government of the EU nations and their foreign ministers, in conjunction with the president and two additional members from the European Commission. It meets at least twice a ...

European Union (EU) is an economic association of European countries founded by the Treaty of Rome in 1957 as a common market for six nations. It was known as the European Community until January 1, 1994 and currently comprises 15 European countries. Its goals are a single market for goods and services without any economic barriers, and a common currency with one monetary authority.

European Monetary System (EMS) is a system adopted by European Community members with the aim of promoting stability by limiting exchange-rate fluctuations. The system was originated in 1979 by the nine members of the European Community (EC). The EMS comprised three principal ...