European Economic Community

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European Economic Community (EEC)

A group of Western European countries that have joined together to promote trade and economic and political cooperation. Essentially, the EEC represents an attempt to combine a group of countries into a single economic unit. Also called Common Market.

European Economic Community

see EUROPEAN UNION.
References in periodicals archive ?
Indeed, the new reality of euromarkets and pressures from foreign governments over the trade surplus are destabilizing.
Swiss Franc convertible bonds were the most popular instrument of Euromarket fund raising, as many more companies met their issuance qualifications under the Ministry of Finance's rules.
Glasner notes that there has been nothing stopping banks already from issuing private currencies in the euromarkets.
No one from Euromarket Limited was available for comment.
Interest rates for three and 12 months are Euromarket rates, guaranteeing that the deposits are comparable in every respect except currency denomination.
A notable recent transaction was Equitable Life Insurance Company's $205 million transaction in the Euromarket, involving the securitization of a group of London office properties.
During the bubble, companies were able to go to London's Euromarket and issue warrant bonds (giving investors the chance to buy rapidly appreciating stock at a set price) at rates as low as 1 percent.
22) Corporations were also able to issue large amounts of non-collateral convertible and warrant bonds on the Euromarket, at very low yields.
25) London has long been considered the center of Euromarket activities.
The transaction was executed as 5-year Euromarket variable rate, floating rate, and extendible adjustable rate notes.
In March 1991 17 European countries have agreed to move toward videotex interconnection, an essential move given the advent of the Euromarket in 1992.
This EuroMarket branch is larger than the one in area 3, and has more cheese.