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Law::
European Community, EC; European Union : an association formed by the European Economic Conmunity (EEC) by the Treaty of Rome in 1957 and later renamed European Community (EC) – of European nations with the purpose of achieving full economic unity (and eventual political union) by agreeing to eliminate barriers to the free movement of capital, goods, and labor among the member-nations; The European Community became the European Union when the Masstricht Treaty on European Union took effect in November 1993, and currently Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Greece, Ireland, Italy, Luxemburg, Netherlands, Portugal, Spain, and Sweden have full membership privileges. B
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