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European Investment Bank

(Encyclopedia)European Investment Bank, nonprofit bank created in 1958 by the six founding countries of the European Economic Community (now part of the European Union [EU]). The bank makes or guarantees loans to E...

union, labor

(Encyclopedia)union, labor, association of workers for the purpose of improving their economic status and working conditions through collective bargaining with employers. Historically there have been two chief type...

Union

(Encyclopedia)Union, industrial township (1990 pop. 50,024), Union co., NE N.J.; settled 1749 by colonists from Connecticut, set off from Elizabethtown 1808. Steel and metal products and paint are among its various...

European Economic Area

(Encyclopedia)European Economic Area: see European Free Trade Association; European Union. ...

European Monetary Agreement

(Encyclopedia)European Monetary Agreement (EMA), international governmental facility (1958–72) for the settlement of balance of payments accounts between member states. The EMA, which was administered by the Orga...

European Monetary System

(Encyclopedia)European Monetary System, arrangement by which most nations of the European Union (EU) linked their currencies to prevent large fluctuations relative to one another. It was organized in 1979 to stabil...

Benelux Economic Union

(Encyclopedia)Benelux Economic Union bĕnˈəlŭksˌ [key], economic treaty among Belgium, the Netherlands, and Luxembourg. It arose out of a customs convention signed in 1944, but was not fully established until 1...

European Free Trade Association

(Encyclopedia)European Free Trade Association (EFTA), customs union and trading bloc; its current members are Iceland, Liechtenstein, Norway, and Switzerland. EFTA was established in 1960 by Austria, Denmark, Great...

Court of Justice of the European Union

(Encyclopedia)Court of Justice of the European Union, judicial institution of the European Union (EU). Located in Luxembourg, it was founded in 1958 as the joint court for the three treaty organizations that were c...

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