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)
“When man entered the atomic age, he opened a door into a new world. What we eventually find in that new world, nobody can predict.”
—Ted Sherdeman. Gordon Douglas. Dr. Medford (Edmund Gwenn)
“The very presence of guilt, let alone its tenacity, implies imbalance: Something, we suspect, is getting more of our energy than warrants, at the expense of something else, we suspect, that deserves more of our energy than we’re giving.”
—Melinda M. Marshall (20th century)
“This is the only “wet” community in a wide area, and is the rendezvous of cow hands seeking to break the monotony of chuck wagon food and range life. Friday night is the “big time” for local cowboys, and consequently the calaboose is called the “Friday night jail.””
—Administration in the State of Texa, U.S. public relief program (1935-1943)