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European Atomic Energy Community

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European Atomic Energy Community (Euratom or EAEC), economic organization that came into being as the 3d treaty organization of what has become the European Union European Community (EC), an economic and political confederation of European nations, and other organizations (with the same member nations) that are responsible for a common foreign and security policy and for cooperation on justice and home affairs.
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; established by the Treaty of Rome (1958). The members pledged themselves to the common development of Europe's nuclear energy resources by coordinating their nuclear research and development programs and by permitting the free movement of nuclear raw materials, equipment, investment capital, and specialists within the community. Euratom is vested with wide powers, including the right to conclude contracts, obtain raw materials, and establish standards to protect workers and the general population against the dangers of radiation. It is administered by the European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community
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, which is advised by the Scientific and Technical Committee and the Economic and Social Committee.

European Atomic Energy Community (Euratom)

International organization established in 1958 to form a common market for developing peaceful uses of atomic energy. It originally had six members; it now includes all members of the European Union. Among its aims were to facilitate the establishment of a nuclear energy industry on a European rather than a national scale, coordinate research, encourage construction of power plants, establish safety regulations, and establish a common market for trade in nuclear equipment and materials. In 1967 its governing bodies were merged into the European Community.


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These created the European Economic Community (EEC or Common Market) and the European Atomic Energy Community (Euratom), which greatly furthered the process of merging the economic and energy sectors of the member states.
Further integration occurred in 1957 when the Treaty of Rome established the European Economic Community and the European Atomic Energy Community.
Banque PSA Finance LOCAL & REGIONAL GOVERNMENTS -- Greater London Authority -- Meuse (Department of) -- European Coal & Steel Community -- European Atomic Energy Community PUBLIC FINANCE SOVEREIGNS -- Germany (Federal Republic of) STRUCTURED FINANCE -- New Issue: Thornburg Mortgage Securities Trust 2002-3 -- New Issue: Residential Accredit Loans Inc.
 
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