European Coal and Steel Community

Also found in: Dictionary, Legal, Acronyms, Encyclopedia, Wikipedia.
Related to European Coal and Steel Community: European Union, European Economic Community, EEC

European Coal and Steel Community (ECSC)

a regional alliance established in 1951 to promote free trade in coal and steel. Its founding members were (West) Germany France, Italy, Belgium and Luxembourg, five of the six countries that later went on to build on the spirit of cooperation kindled by the ECSC to establish the broader based EUROPEAN UNION. One of the main roles of the ECSC is the regulation of the industry's capacity to ensure that long-run supply is kept in line with demand potential and that individual suppliers, including nationalized concerns, are prevented from dominating the market.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
To coincide with this year's celebration of the 60th anniversary of the founding of the European Coal and Steel Community (ECSC), this work, edited by former European Commissioner Gunter Verheugen and the President of Austria's Federal Economic Chamber (WKO), Christoph Leitl, presents a collection of texts by European political leaders, including the two editors.
As a point of interest, it is generally acknowledged that the European Union has its roots in the European Coal and Steel Community - which was set up by France and Germany in 1951.
The European Coal and Steel Community, the Maastricht Treaty and the Single European Act followed.
The foundation for what we now know as the EU was laid in 1952 when the treaty creating the European Coal and Steel Community (ECSC) took effect.
It led to the formation of the European Coal and Steel Community - seen as the prototype of the modern European Union.
Proposals which also involve organisations from the candidate countries can be considered although such organisations cannot receive direct funding from the European Coal and Steel Community. Research proposals concerning the coking and briquetting of lignite are eligible for support.
The ECJ considered that the Commission was right to base its decisions on the treaty setting up the European Coal and Steel Community (ECSC), which established a particular competition system for the steel sector and which expired on 23 July 2002.
The road toward this destination has actually been traveled for more than 50 years--from the 1952 formation of the European Coal and Steel Community (six nations), to the 1958 Common Market (six nations), to the 1986 expansion of the European Economic Community (12 nations), to the 1992 European Community (15 nations), to the current European Union (25 nations).
Full browser ?