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The European Economic Community (EEC) was a regional organisation created by the Treaty of Rome of 1957, [note 1] aiming to foster economic integration among its member states. It was subsequently renamed the European Community (EC) upon becoming integrated into the first pillar of the newly formed European Union (EU) in 1993.
The European Communities (EC) were three international organizations that were governed by the same set of institutions.These were the European Coal and Steel Community (ECSC), the European Atomic Energy Community (EAEC or Euratom), and the European Economic Community (EEC), the last of which was renamed the European Community (EC) in 1993 by the Maastricht Treaty establishing the European Union.
Spain and Portugal acceded to the European Communities, now the European Union, in 1986. This was the third enlargement of the Communities, following on from the 1973 and 1981 enlargements. Their accessions are considered to be a part of the broader Mediterranean enlargement of the European Union. [1] [2]
The 1981 enlargement of the European Communities was the second enlargement of what is now the European Union, then the European Communities (EC). Greece acceded to the EEC on 1 January 1981. It is considered a part of the Mediterranean enlargement. The application for accession was made on 12 July 1975, one year after the restoration of ...
The European Free Trade Association (EFTA) is a European trade bloc which was established on 3 May 1960 as an alternative for European states who did not join the EEC. EFTA currently has four member states: Iceland, Norway, Switzerland, and Liechtenstein; just Norway and Switzerland are founding members.
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The ECSC and EEC would later be integrated into the European Union under the Maastricht and Lisbon treaties in the early 1990s and mid-2000s. The UK had been the first country to establish a Delegation to the ECSC in 1952, and the first country to sign an Association Agreement with the Community in 1954.
The criteria for economic convergence for the monetary union of the European Union Treaty — in Maastricht on February 7, 1992, where the EEC became the European Community— was a determining factor in the transformation of the Spanish economy, making it one of the most competitive in Europe. This adjustment took place mainly in 1997 and 1998 ...