Economic Integration of the EEC

The EEC was created with the signing of a treaty in Rome in 1957, by Belgium, France, the Federal Republic of Germany, Italy, Luxembourg, and the Nederlands.1 The European Atomic Energy Community (EURATOM) was created at the same time, by the same treaty, and with the same membership.2 Each of these organizations became functioning realities on 1 January 1958.3 Prior to the creation of the EEC and EURATOM, the European Coal and Steel Community (ECSC) had been created by a treaty signed in Paris in 1951.4 The ECSC was comprised of the same six member countries which formed the EEC and EURATOM, and became a functional reality on 10 August 1952.5

Until 1 July 1967, each of the three communitiesthe EEC, EURATOM, and ECSCfunctioned as separate entities, although there were some common institutions. On 1 July 1967, however, the executives of the three communities were merged into a single commission, and the goals and objective

. . .
the UK economy. Second, the pound is a more widely held currency than are any of the ERM 8currencies, with the exception of the German mark. There is a difference between the British pound and the German mark, however, in that, in time of stress, investors and speculators tend to dump the British pound, while the mark is seldom dumped. Again, the Thatcher government feels that the fluctuations in propensities to hold the pound would make it difficult for the Bank of England to fulfill ERM exchange rate stability requirements. The EMS appears to be a stable organization, and one that is likely to remain in existence. The European Currency Unit (ECU), which is used by the EMS as a settlement unit between central banks, is gaining in popularity, as a means of settlement for private transactions.29 As the ECU is more extensively used to settle private transactions, the probability increases for the establishment of a true European common currency;30 an event which would further enhance the financial integration of the member nations of the European communities. In an economic context, and in a cultural context, the EC is able to take effective, unified action. Through its actions both as a unified Community, and
. . .

Some common words found in the essay are:
Standard Poor's, ERM EMS, Total Total, EURATOM ECSCfunctioned, Single Act, FINANCIAL MARKETS, Stocks Total, Western Europe, Rest World, ERM British, foreign investment, european monetary, common market, financial markets, private sector, exchange rate,   , journal common, capital markets,  ,  , journal common market, european monetary system, common market studies, investment private sector,
Approximate Word count = 4251
Approximate Pages = 17 (250 words per page)

More Essays on Economic Integration of the EEC