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:
“Being human signifies, for each one of us, belonging to a class, a society, a country, a continent and a civilization; and for us European earth-dwellers, the adventure played out in the heart of the New World signifies in the first place that it was not our world and that we bear responsibility for the crime of its destruction.”
—Claude Lévi-Strauss (b. 1908)
“One has to look out for engineers—they begin with sewing machines and end up with the atomic bomb.”
—Marcel Pagnol (1895–1974)
“The persons who constitute the natural aristocracy, are not found in the actual aristocracy, or, only on its edge; as the chemical energy of the spectrum is found to be greatest just outside of the spectrum.”
—Ralph Waldo Emerson (1803–1882)
“Human life in common is only made possible when a majority comes together which is stronger than any separate individual and which remains united against all separate individuals. The power of this community is then set up as “right” in opposition to the power of the individual, which is condemned as “brute force.””
—Sigmund Freud (1856–1939)