European Atomic Energy Community

The European Atomic Energy Community (EAEC or Euratom) is an international organisation founded in 1957 with the purpose of creating a specialist market for nuclear power in Europe, developing nuclear energy and distributing it to its member states while selling the surplus to non-member states. It is legally distinct from the European Union (EU), but has the same membership, and is governed by the EU's institutions.

Its major project is currently its participation in the international fusion reactor ITER financed under the nuclear part of FP7. Euratom also provides a mechanism for providing loans to finance nuclear projects in the EU.

It was established by the Euratom Treaty on 25 March 1957 alongside the European Economic Community/EEC, being taken over by the executive institutions of the EEC in 1967. Although other communities were merged in 1993 and 2009, the nuclear program has maintained a legally distinct nature from the European Union.

Read more about European Atomic Energy Community:  History, Achievements, Presidents of The EAEC

Famous quotes containing the words european, atomic, energy and/or community:

    Unsophisticated and confiding, they are easily led into every vice, and humanity weeps over the ruin thus remorselessly inflicted upon them by their European civilizers.
    Herman Melville (1819–1891)

    Other centuries had their driving forces. What will ours have been when men look far back to it one day? Maybe it won’t be the American Century, after all. Or the Russian Century or the Atomic Century. Wouldn’t it be wonderful, Phil, if it turned out to be everybody’s century, when people all over the world—free people—found a way to live together? I’d like to be around to see some of that, even the beginning.
    Moss Hart (1904–1961)

    Since the beginning of time, three-quarters of the mental energy and of the lies inspired by vanity have been expended for their inferiors by people who are only abased by such expenditure. And Swann, who was easygoing and unaffected with a duchess, trembled at the thought of being scorned and put on airs when he was with a housemaid.
    Marcel Proust (1871–1922)

    We abuse land because we regard it as a commodity belonging to us. When we see land as a community to which we belong, we may begin to use it with love and respect.
    Aldo Leopold (1886–1948)