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EEC
The European Economic Community (EEC) was a regional organisation created by the Treaty of Rome of 1957,Today the largely rewritten treaty continues in force as the ''Treaty on the functioning of the European Union'', as renamed by the Lisbon Treaty. aiming to foster economic integration among its member states. It was subsequently renamed the European Community (EC) upon becoming integrated into the Three pillars of the European Union, first pillar of the newly formed European Union (EU) in 1993. In the popular language, the singular ''European Community'' was sometimes inaccurately used in the wider sense of the plural ''European Communities'', in spite of the latter designation covering all the three constituent entities of the first pillar. The EEC was also known as the European Common Market (ECM) in the English-speaking countries, and sometimes referred to as the European Community even before it was officially renamed as such in 1993. In 2009, the EC formally ceased to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Communities
The European Communities (EC) were three international organizations that were governed by the same set of Institutions of the European Union, 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. The European Union was established at that time more as a concept rather than an entity, while the Communities remained the actual subjects of international law impersonating the rather abstract Union, becoming at the same time its Three pillars of the European Union, first pillar. In popular language, however, the singular ''European Community'' was sometimes used interchangeably with the plural phrase, in the sense of referring to all three entities. The European Coal and Steel Community ceased to exist in 2002 when its founding treaty exp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The union has a total area of and an estimated population of over 449million as of 2024. The EU is often described as a ''sui generis'' political entity combining characteristics of both a federation and a confederation. Containing 5.5% of the world population in 2023, EU member states generated a nominal gross domestic product (GDP) of around €17.935 trillion in 2024, accounting for approximately one sixth of global economic output. Its cornerstone, the European Union Customs Union, Customs Union, paved the way to establishing European Single Market, an internal single market based on standardised European Union law, legal framework and legislation that applies in all member states in those matters, and only those matters, where the states ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Institutional Seats Of The European Union
The seven institutions of the European Union, institutions of the European Union (EU) are seated in four different cities, which are Brussels (Belgium), Frankfurt, Frankfurt am Main (Germany), Luxembourg City, Luxembourg (Luxembourg) and Strasbourg (France), rather than being concentrated in a single capital city. The Agencies of the European Union, EU agencies and other bodies are located all across the union, but usually not fixed in the treaties. The Hague is the only exception, as the fixed seat of the Europol, Agency for Law Enforcement Cooperation (Europol). Luxembourg City is the EU capital that can lay claim to having the most of the seven EU institutions based wholly or partly upon its territory, with only the European Council and European Central Bank not having a presence in the city. Over the years, Brussels has become the EU's political hub, with the European Commission#College, College of the Commissioners – the European Commission's politically accountable execu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Languages Of The European Union
The European Union (EU) has 24 official languages, of which three English, French and Germanwere considered "procedural" languages, but this notion was abandoned by the European Commission (whereas the European Parliament accepts all official languages as working languages). Today, English and French are used in the day-to-day workings of the institutions of the EU. Institutions have the right to define the linguistic regime of their working, but the Commission and a number of other institutions have not done so, as indicated by several judicial rulings. The EU asserts that it is in favour of linguistic diversity. This principle is enshrined in Article 22 of the Charter of Fundamental Rights (art. 22) and in the Treaty on European Union (art. 3(3) TEU). In the EU, language policy is the responsibility of member states, and the EU does not have a common language policy; EU institutions play a supporting role in this field, based on the principle of " subsidiarity"; they p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxembourgish Franc
The Luxembourg franc (''F'' or ISO ''LUF'', ), subdivided into 100 centimes, was the currency of Luxembourg between 1854 and 2002, except from 1941 to 1944. From 1944 to 2002, its value was equal to that of the Belgian franc. The franc remained in circulation until 2002, when it was replaced by the euro. History The conquest of most of western Europe by Revolutionary and Napoleonic France led to the French franc's wide circulation, including in Luxembourg. However, incorporation into the Netherlands in 1815 resulted in the Dutch guilder becoming Luxembourg's currency. Following Belgium's independence from the Netherlands, the Belgian franc was adopted in 1839 and circulated in Luxembourg until 1842 and again from 1848. Between 1842 and 1848, Luxembourg (as part of the German Zollverein) used the Prussian Thaler. In 1854, Luxembourg began issuing its own franc, at par with the Belgian franc (BF/FB). The Luxembourg franc followed the Belgian franc into the Latin Monetary Union ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Modern Drachma
The drachma ( ) was the official currency of modern Greece from 1832 until the launch of the euro in 2001. First modern drachma The drachma was reintroduced in May 1832, shortly before the establishment of the Kingdom of Greece. It replaced the ''phoenix (currency), phoenix'' at par. The drachma was subdivided into 100 Greek lepton, lepta. Coins The first coinage consisted of copper denominations of 1 lepton, 2 lepta, 5 lepta and 10 lepta, silver denominations of drachma, drachma, 1 drachma and 5 drachmae and a gold coin of 20 drachmae. The drachma coin weighed 4.5g and contained 90% silver, with the 20 drachmae coin containing 5.8g of gold. In 1868, Greece joined the Latin Monetary Union and the drachma became equal in weight and value to the French franc. The new coinage issued consisted of copper coins of 1, 2, 5 and 10 lepta, with the 5- and 10-lepton coins bearing the names ''obolos'' () and ''diobolon'' (), respectively; silver coins of 20 lepta, 50 lepta, 1 drachma, 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Currency Unit
The European Currency Unit (, , ; ⟨⟩, ECU, or XEU) was a unit of account used by the European Economic Community and composed of a basket of member country currencies. The ECU came in to operation on 13 March 1979 and was assigned the ISO 4217 code. The ECU replaced the European Unit of Account (EUA) at parity in 1979, and it was later replaced by the euro (EUR) at parity on 1 January 1999. As a unit of account, the ECU was not a circulating currency and did not replace or override the value of the currency of EEC member countries. However, it was used to price some international financial transactions and capital transfers. Exchange rate Using a mechanism known as the "snake in the tunnel", the European Exchange Rate Mechanism was an attempt to minimize fluctuations between member state currencies—initially by managing the variance of each against its respective ECU reference rate—with the aim to achieve fixed ratios over time, and so enable the European ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Flag Of Europe
The flag of Europe or European flag consists of twelve Or (heraldry), golden stars forming a Circle of stars, circle on a Azure (heraldry), blue field. It was designed and adopted in 1955 by the Council of Europe (CoE) as a symbol for the whole of Europe. Since 1985, the flag has also been a symbol of the European Union (EU), whose 27 member states are all also CoE members, although in that year the EU had not yet assumed its present name or constitutional form (which came in steps in 1993 and 2009). Adoption by the EU, or European Community, EC as it then was, reflected a long-standing CoE desire to see the flag used by other European organisations. Official EU use widened greatly in the 1990s. Nevertheless, the flag has to date received ''no status'' in any of the Treaties of the European Union, EU's treaties. Its adoption as an official symbol was planned as part of the 2004 ''Treaty establishing a Constitution for Europe'' but this failed to be ratified. Mention of the fla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Italian Lira
The lira ( , ; : lire, , ) was the currency of Italy between 1861 and 2002. It was introduced by the Kingdom of Italy (Napoleonic), Napoleonic Kingdom of Italy in 1807 at par with the French franc, and was subsequently adopted by the different states that would eventually form the Kingdom of Italy in 1861. It was subdivided into 100 ''centesimi'' (: ''centesimo''), which means "hundredths" or "cents". The lira was also the currency of the Albanian Kingdom (1939-1943), Albanian Kingdom from 1941 to 1943. The term originates from ''libra'', the largest unit of the Carolingian monetary system used in Western Europe and elsewhere from the 8th to the 20th century. The Carolingian system is the origin of the French ''livre tournois'' (predecessor of the franc), the Italian lira, and the Pound (currency), pound unit of Pound sterling, sterling and related currencies. In 1999, the euro became Italy's unit of account and the lira became a national subunit of the euro at a rate of €1 = ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irish Pound
The pound ( Irish: ) was the currency of Ireland until 2002. Its ISO 4217 code was IEP, and the symbol was £ (or £Ir for distinction.) The Irish pound was replaced by the euro on 1 January 1999. Euro currency did not begin circulation until the beginning of 2002. First pound The earliest Irish coinage was introduced in the late 10th century, with an £sd system of one pound divided into twenty shillings, each of twelve silver pence. Parity with sterling was established by King John around 1210, so that Irish silver could move freely into the English economy and help to finance his wars in France. However, from 1460, Irish coins were minted with a different silver content than those of England, so that the values of the two currencies diverged. During the Williamite War of 1689–1691, King James II, no longer reigning in England and Scotland, issued an emergency base-metal coinage known as gun money. In 1701, a proclamation stated one English shilling was equal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Mark
The Deutsche Mark (; "German mark (currency), mark"), abbreviated "DM" or "D-Mark" (), was the official currency of West Germany from 1948 until 1990 and later of unified Germany from 1990 until the adoption of the euro in 2002. In English, it was typically called the "Deutschmark" ( ). One Deutsche Mark was divided into 100 pfennigs. It was first issued under Bizone, Allied occupation in 1948 to replace the Reichsmark and served as the Federal Republic of Germany's official currency from its founding the following year. On 31 December 1998, the Council of the European Union fixed the irrevocable exchange rate, effective 1 January 1999, for German mark to euros as DM 1.95583 = €1. In 1999, the Deutsche Mark was replaced by the euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins on 1 January 2002. The Deutsche Mark ceased to be legal tender immediately upon the introduction of the euro—in contr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Franc
The franc (; , ; currency sign, sign: F or Fr), also commonly distinguished as the (FF), was a currency of France. Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money. It was reintroduced (in French livre, decimal form) in 1795. After two centuries of inflation, it was Redenomination, redenominated in 1960, with each (NF) being worth 100 old francs. The NF designation was continued for a few years before the currency returned to being simply the franc. Many French residents, though, continued to quote prices of especially expensive items in terms of the old franc (equivalent to the new centime), up to and even after the introduction of the euro (for coins and banknotes) in 2002. The French franc was a commonly held international reserve currency of reference in the 19th and 20th centuries. Between 1998 and 2002, the conversion of francs to euros was carried out at a rate of 6.55957 franc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
